Honda announced a two-year delay in its planned 15 billion CAD (approximately 11.25 billion USD) electric vehicle (EV) and battery production facility in Ontario, Canada. The company cited slowing ...

Honda announced on Tuesday that it has postponed a $15-billion electric-vehicle project, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market to ...

Honda Motor (NYSE:HMC) announced on Tuesday a two-year postponement of its ambitious $15 billion electric vehicle investment project in Ontario. The Japanese automaker pointed to a slowdown in ...

Honda has temporarily postponed its planned $15 billion electric vehicle investment in Ontario, Canada, citing a global slowdown in EV demand and economic uncertainties.

The mayor of an Ontario municipality set to be the home for Honda’s now-postponed $15-billion electric-vehicle project says he is not giving up hope on the plant.

Meanwhile, Nikkei reports that Honda has similar plans. It’s halted the development of a large electric crossover as it slows EV investment in the U.S. in favor of more profitable hybrids.

TORONTO - Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market ...

Latest News Hope remains that Honda’s Ontario EV plant will be built, despite delay By: Canadian Press May 14, 2025, 04:39 AM ...

The Canadian government pledged $22 billion in financing and tax breaks to lure those companies. Honda is not the first setback for Canadian officials in their push to attract EV investment.

OTTAWA — Industry Minister Mélanie Joly says Honda Canada remains "fully committed" to major electric-vehicle investments in Canada after the company announced Tuesday that it was pausing a ...

Canada Confident About EV Strategy Amid Honda Setback Published: May 14, 2025, 2:59 p.m. ET Resize ...