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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Leaning Left10Leaning Right1Center13Last Updated9 days agoBias Distribution54% Center
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- 54% of the sources are Center
54% Center
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C 54%
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