
Ontario Premier Doug Ford, Prime Minister Justin Trudeau, and Finance Minister Chrystia Freeland listen as Toshihiro Mibe, President and CEO of Honda Motor Co., speaks to the crowd at Honda of Canada – released by Honda.In late April, Honda Motor Company announced plans to build a comprehensive electric vehicle (EV) value chain in Canada with an approximate investment of CAD$15 billion (USD$11 billion).Consisting of four manufacturing plants for EVs, EV batteries, and battery components the first will have a production capacity of 240,000 EVs per year when fully operational, while the battery plant will produce around 36 gigawatt-hours per year.Battery recycling and end-of-use concepts are being taken into account in the project.Currently in evaluation phasing, the company hopes to build in Alliston, Ontario. In addition to securing the current employment level of 4,200 associates at its two existing manufacturing facilities in Ontario, Honda estimates it will add a minimum of 1,000 new jobs for the EV and EV battery manufacturing facilities.The investment will also create significant...