Honda Considering $18.4B Electric Vehicle and Battery Plant in Canada: Media Report

Honda Considering $18.4B Electric Vehicle and Battery Plant in Canada: Media Report
People walk near the logo of Honda Motor Company at a showroom in Tokyo on Feb. 8, 2022. Eugene Hoshiko/AP Photo
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Honda Motor Co. Ltd. could invest upwards of $18.4 billion in an electric vehicle plant in Canada, according to a report from a Japanese news outlet.
Nikkei Asia said on Jan. 7 that Honda is considering building both a vehicle and battery plant in the country as part of efforts to catch up in the electric vehicle market.