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Apr 26, 2024 - 20:33
By asia.nikkei.com

Honda goes all-in on EVs in U.S., Canada despite slowdown worries

TOKYO/TORONTO -- With big plans for a North American electric-vehicle supply chain, Honda Motor is showing confidence in the outlook for the U.S. market for EVs despite some bumps in the road.

The 15 billion Canadian dollar ($11 billion) investment announced Thursday -- one of Honda's largest to date -- includes EV and battery factories slated to start up as soon as 2028, as well as joint ventures for battery components with partners from South Korea and Japan.