Honda confirms $15 Billion investment in Ontario EV plants | Car News

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Honda confirms it will invest $15 billion in Ontario to build four plants dedicated to electric vehicle assembly.

Doug Ford, Premier of Ontario, Justin Trudeau, Prime Minister of Canada and Minister Freeland, Finance Minister of Canada, listen as Toshihiro Mibe, President & CEO of Honda, announces $15-billion investment. | Photo: Honda Prior to the announcement, a government press release to the media referred to "Canada's first complete electric vehicle supply chain".

When the plant is operational in 2028, it’s estimated it will produce up to 240,000 vehicles a year, creating 1,000 jobs in the process.

 

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