Honda Cancels Another Major EV Investment – Report
Honda is cutting EV investment by 30% and shifting production to Ohio as weak sales in China and the US pressure its electrification plans.
10 Articles
10 Articles
Why Is Honda Still Suspending $15 Billion EV Factory in Canada? - CleanTechnica
Last May, Honda decided to “suspend” a massive EV factory it had planned to build in Canada, a blow to the North American EV market and overall EV transition. But why? “There are challenges with the US tariffs, unjustified tariffs in the auto sector,” Prime Minister Mark Carney said in ... [continued] The post Why Is Honda Still Suspending $15 Billion EV Factory in Canada? appeared first on CleanTechnica.
Why Is Honda Still Suspending $15 Billion EV Factory in Canada?
Last May, Honda decided to "suspend" a massive EV factory it had planned to build in Canada, a blow to the North American EV market and overall EV transition. But why? "There are challenges with the US tariffs, unjustified tariffs in the auto sector," Prime Minister Mark Carney said in ... [continued] The post Why Is Honda Still Suspending $15 Billion EV Factory in Canada? appeared first on CleanTechnica.
According to a report by Japan's Nikkei on May 5, Honda's major project to invest C$15 billion in an electric vehicle and battery factory in Ontario may be changed from a two-year suspension to an indefinite postponement, or even ultimately canceled. This change casts a new shadow of uncertainty over Canada's promising electric vehicle industry development.
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