Research from Canada's parliamentary budget watchdog indicates that manufacturers, between 2020 and 2024, unveiled plans to invest roughly $33 billion in EV and related supply-chain production. The ...

An $11-billion plan to manufacture 240,000 EVs/year, plus batteries, in Ontario is on a two-year hold as the Japanese ...

Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.

TORONTO--Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada's most populous province, including a proposed EV battery plant and retooled ...

Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV ...

Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two ...

During the announcement of its 2024-2025 fiscal year financial results on May 13, Honda CEO Toshihiro Mibe stated that in the ...

Honda's announcement on Tuesday that its huge investment is being put on hold isn't the only example of a project that has failed to live up to its billing. GM and Northvolt have both called a halt to ...

Honda Motor Co. said Tuesday that its group net profit in the current fiscal year through next March is forecast to plunge 70 ...

Electric vehicles set to surpass 25% of global sales by 2025 as affordability improves and China leads the market, IEA report ...

TORONTO - Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some ...

Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, ...