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International Business Times
International Business Times
Business
Michel COMTE

Honda Announces US$11 Bn EV Battery And Vehicle Plant In Canada

Honda's new Canadian factory will have a production capacity of 240,000 electric vehicles per year and a batteries output of 36 GWh per year (Credit: AFP)

Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant.

Honda chief executive Toshihiro Mibe told a joint news conference with Prime Minister Justin Trudeau and other officials that electric vehicles (EVs) will start rolling off the new assembly line in 2028.

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