Honda Motor Co. plans to spend $15 billion on an electric-vehicle battery plant next to its Alliston, Ont., plant, which it will also retool to produce EVs, the company announced on April 25.
The project includes up to $5 billion in public funding and is the latest in a string of EV-related announcements, many of which also saw an injection of government money.Honda Canada says its $15-billion project will include the retooled plant, an electric vehicle battery plant in close proximity, as well as two key battery parts facilities located elsewhere in Ontario. The federal government and the province of Ontario will contributed $5 billion toward the project through various ways.
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