Honda near agreement with Canada on $6bn EV plant

New factory expected to help automaker lift EV, fuel-cell car market shares

20240423 Honda's electric vehicle Zero

Honda plans to launch the Zero Series of EVs in North America starting in 2026: Its planned factory in Canada will be the automaker's second EV plant in North America. (Photo by Shoya Okinaga)

SHOYA OKINAGA, Nikkei staff writer

TOKYO -- Honda Motor is set to reach an agreement with the Canadian government on a project to build a new electric vehicle factory in the country, Nikkei learned Tuesday.

Under the agreement, the Japanese automaker will receive subsidies and other financial assistance from Ottawa.

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