India, April 25 -- Honda Motor Co., Ltd. (HMC) announced on Thursday its plans to establish a full EV value chain in Canada, investing approximately C$15 billion.
This investment, including contributions from joint venture partners, will go towards constructing an innovative and environmentally conscious Honda EV plant and a separate Honda EV battery plant in Alliston, Ontario.
Honda anticipates commencing EV production in 2028, with an expected annual production capacity of up to 240,000 EVs and 36 GWh for batteries.
The proposed Honda EV value chain will encompass a cathode active material and precursor processing plant in collaboration with POSCO Future M Co., Ltd., and a separator plant in partnership with Asahi Kasei Corp.
The comp...