Honda Considering $18.4B Electric Vehicle and Battery Plant in Canada: Media Report

Published on January 8, 2024

Honda Motor Co. Ltd. could invest upwards of $18.4 billion in an electric vehicle plant in Canada, according to a report from a Japanese news outlet. Nikkei Asia said on Jan. 7 that Honda is considering building both a vehicle and battery plant in the country as part of efforts to catch up in the electric vehicle market. The report says Honda is looking at several sites, including next to its existing plant in Alliston, Ont., with a potential investment decision expected by the end of the year. A Honda Canada spokesman said the company is looking at different initiatives to ramp up EV production, but he did not confirm the Japanese report....

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