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Honda Motor Co. aims to build new electric vehicle facilities in Canada, including an EV factory and battery plant, in a project whose total investment will reach about 15 billion Canadian dollars ($11 billion).
Honda announced plans to invest $11 billion in Ontario, Canada, to establish a comprehensive EV value chain.
The figure includes investment by joint venture partners, and the aim is to start producing EVs in 2028, Honda said.
Honda Motor Co. is planning to build a new electric vehicle factory in Canada as part of efforts to strengthen its production capacity in North America amid intensifying competition, sources familiar with the matter say.
We have all been waiting for the NSX to return and it looks like it is finally happening. Badged Acura in the US, the Honda NSX should arrive in 2026