Premier Doug Ford and Prime Minister Justin Trudeau announced Thursday that Honda will build four new factories in Ontario that will produce 240,000 electric vehicles annually.
This Honda accord is worth a cool $15 billion.
Prime Minister Justin Trudeau and Premier Doug Ford announced Thursday that Honda will build four new factories in Ontario, producing 240,000 electric vehicles annually as the Japanese auto giant expands its footprint.
Fuelled by $5 billion in public money, the expansion will create 1,000 new jobs at Honda, which already employs 4,200 people in Alliston, plus thousands of spinoff positions in parts production and construction of the new facilities.
Honda, which has been building cars in Ontario since 1986, said the new EV assembly plant will open in 2028 — three years after its North American manufacturing hub in Marysville, Ohio, begins turning out electric vehicles.
The initiative also includes an EV battery factory in Alliston and two supporting plants to be located elsewhere in Ontario that will make battery components in joint ventures with Japanese and Korean companies.
Those locations will be announced later, officials said. Honda spokesperson Ken Chiu said it is “too early” to say which electric models are slated for the new assembly plant.
Honda said the new electric vehicle assembly plant in Alliston will open in 2028
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