Ottawa, Ontario to announce multibillion-dollar Honda EV deal this week [Globe and Mail, The (Toronto, Canada)]
Honda Motor Company, Ltd. (HMC)
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Source: Globe and Mail, The
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 two sources. The Globe and Mail is not identifying the sources who are not authorized to speak publicly about internal matters. The battery and assembly plants will be in Alliston, Ont., where the company already manufactures vehicles. The other two will be at another location in Ontario, the sources said. The specifics of the deal are not yet known. But speaking at a First Nations conference in Toronto on Monday morning, Ontario Premier Doug Ford said the size of the investment will surpass other electric-vehicle deals in the province. “This week, we've landed a new deal. It'll be the largest deal in Canadian history. It'll be double the size of Volkswage
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