Honda Motors (HMC) has released an update.
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Honda Motor Co., Ltd. announces its ambitious plan to build an extensive Electric Vehicle (EV) value chain in Ontario, Canada, with an estimated investment of CAD$15 billion, including joint ventures, to bolster its EV production capacity in anticipation of rising demand in North America. The initiative includes the construction of an EV plant and a battery plant with a combined capacity to produce 240,000 EVs and 36 GWh of batteries annually. This project will not only maintain Honda’s current workforce of 4,200 but is also expected to create a minimum of 1,000 new jobs, with production slated to begin in 2028.
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