Honda invests $11 billion in Ontario for EV hub

Summary: Honda and partners plan to invest $11 billion in Ontario, Canada, creating an EV hub with a 2028 start date and 240,000 vehicle capacity. The project aims to support Honda's goal of offering only electric and fuel cell vehicles by 2040. The investment will create 1,000 jobs and includes a battery plant capable of producing 36 GWh annually. The Canadian government will provide $2.5 billion in incentives.

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