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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.
More than half of the roughly $50 billion committed to Canadian EV assembly, battery manufacturing and critical minerals ...
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 ...
OTTAWA--Honda Motor said it is postponing by about two years an $11 billion electric-vehicle manufacturing project in Canada, citing weaker-than-expected EV sales. "Honda will announce the ...
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 ...
"In light of this outlook, Honda is reassessing its EV strategy and roadmap, including plans for the EV product lineup and the timing of relevant investments including one to build a comprehensive EV ...
Honda delays its $15 billion investment in Canada due to slowing EV demand. The postponement affects plans for a 240,000-vehicle EV plant and battery facility. EV sales continue to rise in Canada ...
Honda last April announced plans to invest up to $11 billion to establish an EV production hub in Canada, which included a factory with an annual output of 240,000 EVs a year and a 36 GWh battery ...
May 14 (Reuters) - Honda (7267.T), opens new tab has assured ... announcing it would put on hold a plan to build an EV supply chain in Canada. "Workers will keep their good-paying jobs and working ...
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 ...
OTTAWA--Honda Motor said it is postponing by about two years an $11 billion electric-vehicle manufacturing project in Canada, citing weaker-than-expected EV sales. "Honda will announce the ...
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility.