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Honda Will Invest $15 billion in four Ontario Plants

Author: Derek-BoshouwersPublished:  1/1/0001
Honda Will Invest $15 billion in four Ontario Plants Honda Will Invest $15 billion in four Ontario Plants

•    Honda confirms it will invest $15 billion in Ontario to build four plants dedicated to electric vehicle assembly.

Recent reports of an imminent announcement from Honda concerning a major investment in Ontario to build electric vehicles have found confirmation. The Japanese automaker is making investments that will entail injecting $15 billion into the Ontario economy. 

The investment will go towards the construction of four new plants that will manufacture EV batteries as well as new all-electric models. Honda's announcement was made in the presence of Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford. 

 

Prior to the announcement, a government press release to the media referred to "Canada's first complete electric vehicle supply chain".

By 2028, four plants will be built on the Alliston, Ontario site, the first of which will be entirely dedicated to electric vehicle assembly. A battery factory will be able to supply it, on site, which represents undeniable advantages. 

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