Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana
Time:2024-04-26 08:53:11 Source:worldViews(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:'Deadpool & Wolverine' is (almost) ready to shake up the Marvel Cinematic Universe
Next:FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco
You may also like
- Jodie Comer wows in shimmering black and white dress with cut
- China's Liaoning Ballet to debut new adaptation of Notre Dame de Paris
- Exhibition on Italian art, design opens in Chongqing
- Sydney Sweeney 'apologizes' for 'having great t**s' during bikini
- The German parliament votes for an annual veterans' day to honor military service
- Conference on internal combustion engines opens in China's Tianjin
- China details regulations on non
- China's Liaoning Ballet to debut new adaptation of Notre Dame de Paris
- Ashley Tisdale confesses 'being sick while pregnant is no fun' after revealing her 3