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Joly says Honda still committed to EV investments after $15-billion project delayed
Honda announced on Tuesday that it has postponed a $15-billion electric-vehicle project, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market to its Ohio plant because of tariffs. The halted investment marks by far the biggest project delay yet in Canada as the outlook for EV growth softens.
Honda to Postpone EV Investments in Ontario by Two Years, Move Some CR-Vs
Honda said on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Canada. Originally announced in April of last year , the project is valued at $15 billion,
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused ...
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery ...
The Canadian Press on MSN1d
Honda postpones $15-billion EV investment project in Ontario citing market demandUse precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
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