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A year after the $15-billion electric vehicle project in Ontario was announced, Honda Canada is pushing the project back. The company said Tuesday it would put the plan to build an EV supply ...
Honda Canada spokesman Ken Chiu said Tuesday due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the Ontario investment.
An $11-billion plan ... 2024, Honda announced it would establish battery-electric vehicle and fuel cell-electric vehicle assembly in Ontario by 2028, aiming for a capacity of 240,000 EVs per year. The ...
TORONTO — Honda has postponed a $15-billion electric ... He said the decision to postpone the EV project, which would include a battery plant, a retooled assembly line, and two other plants ...
Canadian governments have offered carmakers billions of dollars to help them build EV plants in the past few years. Some are still on track, but others are in serious trouble. Here are the facts on ...
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Honda's big pivot
A big part of this plan is next-generation ADAS (advanced driver-assist systems), which the company is developing in-house.
The proposed investment reduction is based on its decision to postpone the project to establish a comprehensive EV value chain in ... towards 2030, Honda plans to improve profitability with ...
A year after the $15-billion electric vehicle project in Ontario was announced, Honda Canada is pushing the project back. The company said Tuesday it would put the plan to build an EV supply chain — ...
TORONTO (AP) — Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada's most populous province, including a proposed EV battery plant ...