Honda Postpones $11 Billion Canada EV Project for Two Years
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Japanese automaker Honda Motor Co. (HMC) is postponing a $15-billion electric vehicle (EV) project in Ontario as it shifts more production to the U.S. due to American import tariffs. In announcing the Canadian manufacturing pause,
Honda said it is delaying its scale-up in the community of Alliston, which includes a battery plant and retooled vehicle assembly line, for about two years as it monitors market conditions.
Honda Canada has delayed a $15 billion electric vehicle investment in Ontario due to a slowdown in the EV market. This project includes a retooled assembly plant and EV battery facility. The delay will not affect current employment at Honda's existing manufacturing plant in Alliston,
Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.