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.
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00:00It's Benzinga and here's what's on the block.
00:02Honda announced a historic $11 billion investment to build electric vehicles in Canada.
00:07The investment will enable Honda to build four new EV and battery manufacturing plants in Ontario
00:13with a combined annual capacity of 240,000 electric vehicles.
00:18Production is expected to start in 2028.
00:21It's going to make Honda's Canadian operations the first fully integrated
00:25EV supply train in North America.
00:27The investment aims to cut EV production costs by over 20%
00:31through the vertically integrated facilities.
00:33For all things money, visit Benzinga.com