Honda planning to expand its electric vehicle efforts in Canada, Toyota expands in Indiana [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
Last honda motor company, ltd. earnings: 2/7 03:16 am
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Source: Yahoo! Finance
The company said Thursday that it has started evaluating the requirements to build an EV plant and a separate EV battery plant in Ontario. It already has two manufacturing plants there that have 4,200 employees. Honda expects to add at least 1,000 more workers for the two new facilities. The EV plant, once fully operational, will have a production capacity of 240,000 EVs per year and the battery plant will have a capacity of 36 GWh per year. There's also plans for a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M Co. and a separator plant through a joint venture partnership with Asahi Kasei Corp. Honda Motor Co. anticipates EV production will start in 2028. Last month Nissan and Honda announced that they would work together in developing electric vehicles and auto intelligence technology. The world's automakers are rapidly shifting toward electric vehicles, focusing on batteries and motors instead of gas engines
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HMC
Sec Filings
- 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