A Honda worker deals with the CR-V line at the automaker’s plant in Alliston, Ontario.
OTTAWA– Canada’s Finance Minister Chrystia Freeland said on Thursday she met with Honda Motor agents about locating a prospective $13.
7 billion electric car plant in the nation.
“I had a meeting with Honda and it’s a business that has actually been a really essential investor in Canada,” Freeland told reporters in Toronto, adding that other government officials also had conferences with the Japanese automaker.
“That’s a really essential relationship, and our deal with them is continuous,” Freeland said, without defining when tjhe conferences took place.
Freeland included that there had been various meetings betwen Honda and federal government authorities in various departments.
On Sunday, Japan’s Nikkei news group reported that Honda is looking at multiple potential sites for the plant, including beside an existing automobile factory in Alliston, Ontario.
The report stated Honda expects to make a decision by the end of 2024 and bring the new facility online as early as 2028.
Canada has actually wooed business involved in all levels of the EV supply chain to protect the future of its production heartland in Ontario as the world seeks to cut carbon emissions.
Prime Minister Justin Trudeau in 2015 stated tyhat Canada was looking for more “targeted” investments after the government provided significant aids to Volkswagen and Stellantis-LG Energy Service for their planned battery gigafactories.
Honda, Japan’s second-biggest automobile maker, on Tuesday at CES 2024 announced plans to release a new electrical vehicle series from 2026, as it plays catch-up with international competitors in the shift to battery-powered vehicles.
Honda has been slow to step up sales of electrical lorries.
The car manufacturer, with partner LG Energy Option, in 2022 announced Ohio as the site of a planned $4.
4 billion joint venture battery plant.