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. |
Tourism in Brazil up 7.8% in 2023April 12, 2024China economy update: Evergrande shares plunge 70 per centBaltimore bridge collapses after being struck by ship, six presumed deadFood price hikes stall, thanks to lowered cost of fruit and vegesClimate activist Greta Thunberg detained twice at demonstration in The HagueHow to make sure your leftovers are safe to eatIsrael Gaza: Journalists injured in alTens of thousands of Israelis rally in Tel Aviv demanding Gaza hostage dealHK's West Kowloon arts hub to run out of funds in 2025: CEO