EV, Honda and Canada
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The Canadian Press on MSN1h
Joly says Honda still committed to EV investments after $15-billion project delayedIndustry Minister Mélanie Joly says Honda Canada remains "fully committed" to major electric-vehicle investments in Canada after the company announced Tuesday that it was pausing a multibillion-dollar EV project in Ontario.
President Trump’s trade war again tests Canada’s new government. Honda is also postponing a major electric vehicle factory in Canada.
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility.
Japanese multinational Asahi Kasei Corporation and Honda Canada formed a joint venture to make battery separators in Niagara. Despite Honda pausing $15 billion in EV investments, Asahi Kasei says the project should continue with 'minimal' impact.
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and building an EV plant.
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Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, blaming "changing market conditions” for a decision that
In response to tariff talk from the Trump administration, Honda appears to be getting ready to move production of CR-V crossovers intended for American customers away from its plant in Canada and towards a facility in the United States. But hold the phone: it seems the situation may not be completely dire.