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Politics·Breaking
Prime Minister Justin Trudeau and Ontario Premier Doug Ford have announced that Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario that will see four new manufacturing plants built in the province.
Deal will see Alliston, Ont., plant produce as many as 240,000 vehicles a year by 2028
Peter Zimonjic · CBC News
· Posted: Apr 25, 2024 10:15 AM EDT | Last Updated: 15 minutes ago
Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday that Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario that will see four new manufacturing plants built in the province.
According to a government statement released to the media in advance of the announcement, the deal will result in "Canada's first comprehensive electric vehicle supply chain."
The deal includes the construction of Honda's first electric vehicle assembly plant as well as a new stand-alone EV battery plant at Honda's facility in Alliston, Ont.
"Honda will also build a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with Asahi Kasei Corporation," the statement said.
Once the assembly plant is fully operational in 2028 it will produce as many as 240,000 vehicles per year and "create over one thousand well-paying manufacturing jobs" in the province.
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ABOUT THE AUTHOR
Peter Zimonjic is a senior writer for CBC News. He has worked as a reporter and columnist in London, England, for the Daily Mail, Sunday Times and Daily Telegraph and in Canada for Sun Media and the Ottawa Citizen. He is the author of Into The Darkness: An Account of 7/7, published by Random House.
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