Honda near agreement with Canada on $6bn EV plant

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

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

April 23, 2024 14:19 JST

Updated on April 23, 2024 15:04 JST

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.