Honda announces four Ontario EV and battery factories in $15-billion deal
Honda is building a series of four factories in Ontario as part of a massive $15-billion investment in its North American EV manufacturing footprint.The announcement, held at the automaker’s existing auto assembly plant in Alliston, Ont., comes after a week of frenzied speculation that the Japanese automaker was on the cusp of revealing its long-rumoured commitment to manufacturing EVs in Ontario.It turns out to be the case. But there is a bonus: Honda is exploring setting up two factories with two joint venture partners in South Korea’s Posco Chemicals and Japanese chemicals company Asahi Kasei.Billing the investment as a plan “to establish [a] comprehensive electric vehicle value chain in Ontario,” Honda says the move complements ongoing development of its EV Hub project in Ohio and “will represent a significant aspect of the company’s overall value chain in North America.”
In a prepared statement, Honda Canada president and CEO Jean Marc Leclerc said the “historic” investment builds on Honda’s multi-decade track record of automotive manufacturing in Canada.
Honda announces four Ontario EV and battery factories in...
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.19 |
Change
0.010(0.24%) |
Mkt cap ! $12.61B | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.24 | $4.17 | $45.33M | 10.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22127 | $4.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 255294 | 8 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.21 |
Change
0.010 ( 0.57 %) |
||||
| Open | High | Low | Volume | ||
| $4.20 | $4.24 | $4.17 | 4071195 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| PLS (ASX) Chart |