Honda Makes $11 Billion Investment for Electric Vehicle Production in Canada with the First Fully Integrated EV Supply Chain in North America from j m production Watch Video
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⏲ Duration: 0:37 👁 View: 915K times ✓ Published: 27-Apr-2024
Description: Honda announced a historic $11 billion investment to build electric vehicles in Canada. The investment will enable Honda to build four new EV and battery manufacturing plants in Ontario, with a combined annual capacity of 240,000 electric vehicles. Production is expected to start in 2028, making Honda's Canadian operations the first fully integrated EV supply chain in North America. The investment aims to cut EV production costs by over 20% through the vertically integrated facilities.