Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana
Time:2024-05-07 14:02:42 Source:sportViews(143)
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.
Previous:Analysis: Lando Norris win shows McLaren is ready to return to global motorsports prominence
Next:Call it Cognac diplomacy. France offered China’s Xi a special drink, in a wink at their trade spat
You may also like
- Olivia Newton
- The Valley's Michelle Lally moves on from husband Jesse with rumored new boyfriend Aaron Nosler
- Mississippi city settles lawsuit filed by family of man who died after police pulled him from car
- Biden blames Trump for Florida's six
- With college football drama behind him, Devontez Walker eager to show his talent with Baltimore
- Taylor Swift fans go ballistic as Kim Kardashian FAILS to address the not
- Kansas' governor vetoed tax cuts again over their costs. Some fellow Democrats backed it
- Hazing concerns prompt University of Virginia to expel 1 fraternity and suspend 3 others
- Shocking moment Pennsylvania man pulls a gun on pastor in front of horrified congregation