Honda to invest $15B to build 4 new EV plants in Ontario

[NHV 669]

https://www.cbc.ca/news/politics/trudea ... -1.7184495

Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday.

According to a government statement released to media in advance of the announcement, the deal will result in "Canada's first comprehensive electric vehicle supply chain."

The deal includes the construction of Honda's first electric vehicle assembly plant and a new stand-alone EV battery plant at Honda's facility in Alliston, Ont.

"Honda will also build a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with Asahi Kasei Corporation," the statement said. The locations of those plants have not been named.

Once the assembly plant is fully operational in 2028, it will produce up to 240,000 vehicles per year and create more than 1,000 "well-paying manufacturing jobs," statements from Honda and the federal government said.

Given the existing plant at Alliston already served by CPKC, it sounds like this could lead to a robust increase in traffic for them, so long as they don't screw it up.