ALLISTON, ONT. – Honda Motor Co. Ltd. could invest upwards of $18.4 billion in an electric vehicle plant in Canada, according to a report from a Japanese news outlet.
Nikkei Asia said on Sunday that Honda is considering building both a vehicle and battery plant in the country as part of efforts to catch up in the electric vehicle market.
The report says Honda is looking at several sites, including next to its existing plant in Alliston, Ont., with a potential investment decision expected by the end of the year.
Honda did not immediately respond to a request for comment. A spokesperson for Industry Minister Francois-Philippe Champagne did not confirm whether any talks were going on between the company and the government.
For the rest of this article: https://www.ctvnews.ca/autos/honda-considering-18-4b-electric-vehicle-and-battery-plant-in-canada-media-report-1.6715006