Federal, Ontario governments unveil Honda's $15B mega-investment in province

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The Ontario government is also close to an agreement with a First Nation to enable 'the first 80 kilometres' of road to the Ring of Fire to be built, Premier Ford said

Another one of the world's biggest automakers is betting big on Ontario as an electric vehicle powerhouse.

Honda currently employs over 4,200 people in Alliston, a town of about 25,000 that's roughly 40 kilometres southwest of Barrie. Two of its new EV-focused plants will be built in Alliston as well. "Once fully operational in 2028, the new assembly plant will produce up to 240,000 vehicles per year," the two governments' news release said.It wasn't disclosed on Thursday where Honda's other two new plants will be located. These facilities will produce EV battery components.

Ontario closer to another link in its EV supply chain The Ontario government is also closing in on an agreement with a First Nation that would clear the way for the first 80 kilometres of a road to the Ring of Fire to be built, Ford said on Thursday. On Thursday, Ford said building roads to the Ring of Fire isn't just about extracting minerals to bring south.

Ford’s push to develop the region has alienated several First Nations leaders. Cat Lake First Nation Chief Russell Wesley received an injunction last month to stop the construction of a road to a gold mining project, alleging the government failed to consult them.

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