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. It already has two manufacturing plants there that have 4,200 employees. Honda expects to add at least 1,000 more workers for the two new facilities.
The EV plant, once fully operational, will have a production capacity of 240,000 EVs per year and the battery plant will have a capacity of 36 GWh per year.
There’s also plans for a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M Co. and a separator plant through a joint venture partnership with Asahi Kasei Corp.
Overseas businessmen show confidence in Hong Kong's business environment
North Korea's Kim Jong Un turns 40 ... maybe
Hamas weighs ceasefire proposal
Tāngarākau campground murder: Justice Williamson
Revealed: Bernard Hill's touching seven
Foreign Affairs Minister Winston Peters praises US engagement in the Pacific
Motorcyclist seriously injured after crash in Auckland
Rebel group in Indonesia's Papua to release kidnapped New Zealand pilot
Milwaukee election leader ousted 6 months before election in presidential swing state
Ethnic army seizes city on Myanmar
The number of fish on US overfishing list reaches an all
Baby Ru: Police contact whānau after three months of silence