Honda to Splash $15 Billion on EV Manufacturing in Ontario with ‘Largest Auto Investment in Canada’s History’

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Honda Motor Company announced in late April plans to build a comprehensive value chain for electric vehicles (EVs) in Canada. The estimated investment is approximately CAD$15 billion ($11 billion USD). The first plant, consisting of four factories for EVs and EV batteries as well as battery components, will have a capacity of 240,000 electric vehicles per year once fully operational. […]
The post Honda to Splash $16 Billion on EV Manufacturing In Ontario With ‘Largest Auto Investment of Canada’s Histories’ appeared first on Good News Network.

“}]] Honda Motor Company made the announcement in late April that it would invest an estimated$ 15 billion ( CAD$ 11 billion ) to build a comprehensive electric vehicle ( EV ) value chain in Canada. Consisting of four manufacturing plants for EVs, EV batteries, and battery components the second will have a production capacity of 240, 000 EVs per year when entirely functional,
The article” The Largest Auto Investment in Canada’s History: Honda to Splash$ 15 Billion on EV Manufacturing in Ontario” first appeared on Good News Network.