Enlarge / Honda is investing CAD$15 billion (US $11 billion) to expand EV manufacturing in North America with four sites in Ontario, Canada. (credit: Honda) Honda announced today that it will spend $11 billion to expand its electric vehicle manufacturing presence in North America. The Japanese automaker already has a number of factories in the US, Mexico, and Canada, and it's this last one that will benefit from the expansion, with four EV-related plants planned for Ontario. Honda says it has begun evaluating requirements for what it's calling an "innovative and environmentally responsible" EV factory and a standalone EV battery plant in Alliston, Ontario, which is already home to Honda's two existing Canadian manufacturing facilities. Additionally, the automaker wants to set up another two sites as joint ventures.

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BING NEWS:
  • Electrify America EV charging network set to grow by 25% in 2024
    According to the DOE’s Alternative Fuels Data Center, as of May 2, there are currently 931 Electrify America station locations and 4,182 charge ports; the latter corresponds to what Electrify America ...
    05/5/2024 - 1:00 am | View Link
  • GM's key to EV production and profits rest on ramp-up of new battery cell plants
    GM's joint-venture battery plant in Tennessee quietly started what is expected to be mass production of battery cells, critical to GM's EV expansion.
    05/1/2024 - 11:05 pm | View Link
  • Toyota Invests $1.4 Billion in Highlander Plant for New EV and Battery Packs
    A week ago, the media shared news that Toyota wanted to make more plug-in hybrid cars available in the United States. They might even make an electric Toyota Highlander soon. Now, Automotive News ...
    04/30/2024 - 4:26 am | View Link
  • Toyota investing $1.4 billion in Indiana EV production
    Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to ...
    04/29/2024 - 12:22 am | View Link
  • Honda is betting big on North American EV manufacturing
    the investment will include new facilities such as assembly and battery plants to support what it calls "a future increase in EV demand in North America." Included in the $11 billion plan is an ...
    04/25/2024 - 9:43 am | View Link
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