Evening Update: Ottawa and Ontario set to announce multibillion-dollar Honda EV deal [Globe and Mail, The (Toronto, Canada)]
Honda Motor Company, Ltd. (HMC)
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Source: Globe and Mail, The
The federal government and Ontario will announce a multibillion-dollar deal this week with Honda Motor Co. Ltd. that would see the company build a comprehensive electric-vehicle chain in the province, according to sources familiar with the project. The deal with Honda includes a standalone battery manufacturing and a retooled car assembly plant, as well as facilities for both cathode materials and separator components, according to three sources. The battery and assembly plants will be in Alliston, Ont., where the company already manufactures vehicles. Speaking at a First Nations conference in Toronto this morning, Ontario Premier Doug Ford said the size of the investment will surpass other electric-vehicle deals in the province. The higher dollar figure will owe to Honda's investment going much further across the supply chain than Volkswagen or Stellantis. Talks to deal with plastic begin in Canada tomorrow. Here's what's at stake This week in Ottawa, delegates from 174 coun
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- 4/25/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/2/24 - Form 6-K
- HMC's page on the SEC website