Published 10 days ago

Honda to build $11 billion electric vehicle hub in Canada

Honda will construct an electric vehicle battery plant next to its Alliston, Ont., assembly plant, part of a $15-billion project involving up to $5 billion in public funds.
The new EV base in Ontario, a $15 billion investment, aims to produce 240,000 EVs yearly and 36 gigawatt-hours of batteries by 2028.
Honda anticipates funding 60-70% of the investment, with the remaining from joint venture partners and Ontario government subsidies.

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CTV News

Honda to get up to $5B in govt help for EV battery, assembly plants

Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.

10 days ago·Canada

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CBC News

Honda to invest $15B to build 4 new EV plants in Ontario

Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday.

10 days ago·Canada

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CNBC

Honda to build $11 billion electric vehicle hub in Canada

Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada to create a "comprehensive EV value chain," the Japanese automaker announced.

10 days ago·United States

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Channel News Asia

Honda to set up $11 billion EV production base in Canada

TOKYO : Honda Motor plans to build an EV production base in Ontario, it said on Thursday, a C$15 billion ($11 billion) investment that will mark the Japanese automaker's largest ever in Canada.The investment, due to be officially unveiled by company executives and Canadian Prime Minister Justin Trudeau on

10 days ago·Singapore

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National Post

Feds, province subsidize $15 billion Honda EV assembly plants and battery facilities in Ontario

Honda will invest $15 billion in Canada to create a complete electric vehicle supply chain, including four new manufacturing plants, with the help of approximately $5 billion from the federal and Ontario governments.

10 days ago·Canada

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Bloomberg

Honda to Spend $11 Billion on Electric Vehicle Strategy in Canada

Honda Motor Co. will spend C$15 billion ($11 billion) to build out its electric-vehicle supply chain in Canada, with billions of dollars of financial aid from government, as the Japanese automaker seeks to tap long-term demand in the region.

10 days ago·United States

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