Today, Honda confirmed plans to expand its manufacturing presence in Canada to build electric vehicles. The Japanese automaker announced a massive $11 billion investment—the largest single automotive investment in Canada’s history—that will lead to the creation of new plants near its existing manufacturing campus in Alliston, Ontario, with the goal of beginning EV production in 2027.
The investment will see the construction of four new manufacturing plants: one for EVs, one for battery packs and two plants that will manufacture battery components. Honda intends to create a complete local EV supply chain that will help it build EVs at a competitive price and with a lower environmental impact (it wants to only build EVs and FCEVs after 2040 with the ultimate goal of achieving net zero CO2 emissions by 2050).
