CP NewsAlert: Honda to build electric vehicles and battery plant in Ontario: sources

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Honda Canada News

The Canadian Press,Electric Vehicle Battery,Electric Vehicles

TORONTO — Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to...

TORONTO — Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles.

Ontario Premier Doug Ford this morning told a First Nations conference that there will be an announcement this week about a new deal that he said will be double the size of a Volkswagen deal announced last year.That EV battery plant set to be built in St. Thomas, Ont., comes with a $7-billion capital price tag.

-- Tesla Inc. spent the weekend cutting prices of its models across China, Europe and the US amid slumping sales and a glut of inventory.Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.

 

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