Honda is making the largest ever investment in Canada's auto industry. Honda will spend $11 billion to establish a comprehensive EV supply chain in the province of Ontario. The automaker plans to start building EVs at the plant in 2028. Honda is going north of the border for the second stage in its North American EV expansion. The Japanese automaker announced on Thursday that it will spend CA$15 billion to produce electric vehicles in the province of Ontario.
Honda is still in the process of negotiating with its collaborators, and will announce further details relating to these facilities, such as their locations, in the coming six months. Canadian Prime Minister Justin Trudeau called Honda's move the largest auto investment in Canada's history, reports the CBC. The federal government said that the deal will lead to Canada's first comprehensive electric vehicle supply chain.