Honda eyes $11 billion investment to build new EV factories in Canada

Honda Motor Co. said Thursday it aims to build new electric vehicle facilities in Canada, including an EV factory and battery plant, in a project whose total investment will reach about 15 billion Canadian dollars ($11 billion).The Japanese automaker said it has started talks with Canadian authorities on subsidies for the new plants, to be built alongside its existing factory near Toronto. In the bid to establish a complete EV supply chain in Canada, Honda is expected to provide 60 to 70 percent of the overall investment, with materials suppliers also sharing the costs.Honda said it plans t…READ FULL ARTICLE