style

Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana

Font size+Author:Global Grooves news portalSource:business2024-05-07 15:29:47I want to comment(0)

Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electri

Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles.

The company said Thursday that it has started evaluating the requirements to build an EV plant and a separate EV battery plant in Ontario. It already has two manufacturing plants there that have 4,200 employees. Honda expects to add at least 1,000 more workers for the two new facilities.

The EV plant, once fully operational, will have a production capacity of 240,000 EVs per year and the battery plant will have a capacity of 36 GWh per year.

There’s also plans for a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M Co. and a separator plant through a joint venture partnership with Asahi Kasei Corp.

Related articles
  • Former Alabama star player, athletic director Hootie Ingram dies at age 90

    Former Alabama star player, athletic director Hootie Ingram dies at age 90

    2024-05-07 15:16

  • Katie Holmes sports a chic designer look while enjoying a stroll around New York City

    Katie Holmes sports a chic designer look while enjoying a stroll around New York City

    2024-05-07 14:28

  • Humanoid robots make public debut in Beijing

    Humanoid robots make public debut in Beijing

    2024-05-07 14:17

  • 'Taylor Swift must be getting sick of this': Travis Kelce is SLAMMED over 'cringe' beer

    'Taylor Swift must be getting sick of this': Travis Kelce is SLAMMED over 'cringe' beer

    2024-05-07 14:02

Netizen comments