After days of speculation, Honda confirms it is halting all retooling and expansion plans after posting a $3.68-billion loss
Slower market demand, tariffs and evolving production strategies cited as some of the reasons why the Japanese automaker is pausing its Canadian EV plans
The joint venture will produce battery separators by combining Asahi Kasei’s expertise in material technology with Honda’s electrification knowledge.
Based on earlier reports, the plant is to be a joint-venture with Honda Canada as part of its EV battery supply chain — although Honda wasn’t present, or even mentioned, at the official announcement
Honda’s $15-billion EV manufacturing investment isn’t just a massive story in Canada. What happens here will also be the “benchmark” for Honda’s EV factories around the world
According a report from Japan’s Nikkei, Honda is considering a multi-billion EV investment in Canada. But the where and how of the plan remain unclear
