Honda unveils $11B investment for EV assembly, battery output in Canada

Canada's Prime Minister Justin Trudeau, CEO of Honda Toshihiro Mibe and Ontario Premier Doug Ford walk together Thursday as Honda announced plans to build EVs and batteries in Ontario with financial support from the Canadian and provincial governments, at the automaker's assembly complex in Alliston, Ont. (REUTERS/REUTERS)

By:

Automotive News Canada

April 25, 2024 11:00 AM

Honda Motor Co. on Thursday unveiled plans for an integrated electric-vehicle battery supply chain in Canada from the ground up with a series of investments in Ontario worth a combined $11 billion ($15 billion Canadian).

Featured Stories

What automakers are saying about vehicle prices with tariffs in effect

Young technician grateful for his mentor

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Latest News

Jaguar Land Rover is pausing car exports to U.S. on tariffs

Tesla’s software engineering head is said to depart EV maker

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution

Staying current is easy with newsletters delivered straight to your inbox.

See More in Manufacturing

Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution

What automakers are saying about vehicle prices with tariffs in effect

Daily 5 report for April 4: Does Mexico know something that Canada doesn’t on tariff talks?

Top 5 stories of the week: Auto tariffs go into effect; top 150 dealership groups

Staying current is easy with newsletters delivered straight to your inbox.