Honda Motors (HMC) has released an update.
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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