Honda’s $11B EV Factory In Canada Is Dead: Report

Honda will reportedly cancel the construction of its $11 billion electric vehicle and battery factory in Canada, according to Nikkei. The plant, announced in 2024, had a planned capacity of 240,000 vehicles and 36 gigawatt-hours of EV batteries per year, and was expected to put the Japanese automaker on an equal footing with brands like General Motors and Ford.