Honda to announce multibillion-dollar EV investment in Ontario
The Globe and Mail — April 22, 2024, 05:00 PM UTC
Summary: Honda Motor Co. Ltd. is set to announce a multibillion-dollar deal with the federal government and Ontario to establish an electric vehicle chain in the province. The deal includes a battery manufacturing plant and a retooled car assembly plant in Alliston, Ont. Ontario's Premier Doug Ford mentioned the investment will be the largest in Canadian history, double the size of Volkswagen's $7-billion EV plant. Honda's investment could reach up to $18.5 billion.
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