According to the Japanese manufacturer's statement, Honda plans to build a new electric vehicle factory and battery facility in Ontario, Canada.
The company aims to put the new facility into service in 15, with an investment volume of up to 240 billion Canadian dollars and an annual production capacity of 2028 thousand vehicles.
Noting that it is negotiating for subsidy purchases from the Canadian government, Honda aims to reduce current costs by 20 percent with local battery production.
Honda President Mibe Toshihiro stated at the press conference in Ontario regarding the new facility planning that the company will accelerate its electrification efforts in Canada.
Mibe said, “We will establish a stable supply system for electric vehicle batteries and make electric vehicles more competitive in terms of cost.”
“THE LARGEST AUTOMOBILE INVESTMENT IN CANADIAN HISTORY”
Speaking in a one-on-one meeting with Mibe in Ontario, Canadian Prime Minister Justin Trudeau said Honda's production planning was the "largest car investment in Canadian history."
Trudeau stated that the investment, which he described as "Canada's first comprehensive electric vehicle supply chain", will create more than 1000 jobs in the country.
Noting that the investment gave a "vote of confidence" to Canada's manufacturing department, Trudeau said, "Together we create good-paying jobs, grow our economy and keep our air clean."
Honda Manager Aoyama Şinci Aoyama stated that Honda aims to have all North American sales of electric or fuel cell vehicles by 2040.
