Honda Announces $15 Billion EV Mega-Project in Ontario
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 Published On Apr 25, 2024

...Source: https://driveteslacanada.ca/news/hond... Transcript: According to Drive Tesla, Honda is making a significant $15 billion investment for an electric vehicle manufacturing ecosystem in Ontario. This project, supported by $5 billion in government incentives, includes four new facilities promising thousands of jobs. The first North American EV assembly plant by Honda, set to open by 2028, will produce up to 240,000 electric vehicles annually. This initiative not only introduces over 1,000 new jobs but also secures around 4,200 existing positions. Honda's global CEO also hinted at future expansions, possibly including a battery recycling system.

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