Honda to announce multi-billion dollar EV assembly deal in Ontario: sources

Honda is set to announce a multi-billion dollar deal to manufacture electric vehicles and parts in Ontario, described by Premier Doug Ford as Canada's largest deal. Sources indicate the deal involves new facilities for battery production and EV assembly. The announcement is expected at Honda's Alliston plant on Thursday. The government's proposed 10% tax credit on EV supply chain investments likely incentivized the deal, aiming to boost Ontario's EV investment to around $43 billion.