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.

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 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.

(RTTNews) - Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile ...

May 20 (UPI) -- The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV ...

The cut comes after Honda said earlier this month that it would pause its $10.7 billion plan to transform its factory in Ontario, Canada, into an EV-building hub that would support the one in Ohio ...

Honda Motor 7267 -0.47% plans to reduce its investment in electric vehicles by more than $20 billion in the coming years as EV demand growth slows. The Japanese automaker said Tuesday that it will ...

As a result, Honda plans to reduce its EV-related investment from $69 billion to $48 billion, while placing a heavier focus on hybrid models, which it collectively calls HEVs.

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