Honda is making another splash in the Canadian market.
The global automaker is set to announce plans for a new battery parts manufacturing facility in the Niagara Region, possibly as early as next week, iPolitics/QP Briefing has learned.
Sources say it’s one of the new battery parts plants Honda pledged to build in April as part of its $15-billion Ontario expansion that will also see electric vehicles produced in Canada.
Honda announced last month that it was spending $15 billion to build 4 new EV plants in Ontario, including its first electric vehicle assembly plant and a new stand-alone EV battery plant at Honda’s existing in facility in Alliston.
The plants are receiving support from both the feds and Ontario.
The federal government will provide up to $2.5 billion in clean technology tax credits and electric vehicle supply chain investments, and Ontario will commit up to $2.5 billion in direct capital cost assistance and indirect land servicing costs for future facilities.
Honda CEO Toshihiro Mibe said the facility expansion will create 1,000 more jobs, in addition to the 4,200 that already exist at its current assembly plant.
Honda didn’t immediately respond to a request for comment.
More to come…