Honda to build $11 billion electric vehicle hub in Canada
Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada to create a "comprehensive EV value chain," the Japanese automaker announced Thursday. The company said the plans include new assembly and battery plants as well as other facilities to support production of the all-electric and fuel cell-powered vehicles.
Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana
Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles. The company said Thursday that it has started evaluating the requirements to build an EV plant and a separate EV battery plant in Ontario.
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The hub will include an EV plant, a battery plant, and a processing plant for the key materials needed to make batteries.
Honda Motor reportedly announces a groundbreaking $11 billion investment to pioneer electric vehicle manufacturing in Canada.
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