Source Feed: The Globe and Mail
Author: Sierra Bein, Maryam Shah
Publication Date: April 22, 2024 - 17:25
Evening Update: Ottawa and Ontario set to announce multibillion-dollar Honda EV deal
April 22, 2024
Good evening, let’s start with today’s top stories:The federal government and Ontario will announce a multibillion-dollar deal this week with Honda Motor Co. Ltd. that would see the company build a comprehensive electric-vehicle chain in the province, according to sources familiar with the project.The deal with Honda includes a standalone battery manufacturing and a retooled car assembly plant, as well as facilities for both cathode materials and separator components, according to three sources. The battery and assembly plants will be in Alliston, Ont., where the company already manufactures vehicles.
Unpublished Newswire
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