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Honda Canada Electric Vehicle Plant

Sector: Energy Storage • Location: Ontario, Canada

Source: Nikkei Asia

Project
Suspended

Honda Motor planned to build an electric vehicle factory and a battery factory in Ontario, Canada, with a total investment of 15 billion Canadian dollars ($11 billion) and a planned capacity of 240,000 vehicles per year. The project was initially announced in April 2024 and was slated to start operations as early as 2028. However, due to sluggish U.S. demand and changes in EV policies, Honda has d

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The project “Honda Canada Electric Vehicle Plant” is an infrastructure initiative in the Energy Storage sector, located in Ontario, Canada. Taiyo aggregates data on it from Nikkei Asia.

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Participants

Sponsoring Agency

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Status

Original status

suspended

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Phone

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Email

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Description

Description

Honda Motor planned to build an electric vehicle factory and a battery factory in Ontario, Canada, with a total investment of 15 billion Canadian dollars ($11 billion) and a planned capacity of 240,000 vehicles per year. The project was initially announced in April 2024 and was slated to start operations as early as 2028. However, due to sluggish U.S. demand and changes in EV policies, Honda has decided to indefinitely suspend the project and is in talks with the Canadian government, with scrapping the project entirely being a possibility.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

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