Honda to Spend $11 Billion on Electric Vehicle Strategy in Canada

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Honda Motor Co. will spend C$15 billion ($11 billion) to build out its electric-vehicle supply chain in Canada, with billions of dollars of financial aid from government, as the Japanese automaker seeks to tap long-term demand in the region.

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Honda’s $11 Billion Electric-Vehicle Plan Includes Government Aid From CanadaHonda Motor Co. will spend C$15 billion ($11 billion) to build electric vehicles north of Toronto, with lawmakers in Canada promising significant financial aid, according to a person with knowledge of the matter.
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