Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, welcomed a milestone investment by Honda Canada of approximately $15-billion to create Canada’s first comprehensive electric vehicle supply chain, located in Ontario.
Federal officials say this large-scale project will see four new manufacturing plants in Ontario.
Honda will build an innovative and world-class electric vehicle assembly plant – the first of its kind for Honda Motor Co., Ltd. – as well as a new stand-alone battery manufacturing plant at Honda’s facilities in Alliston, Ontario.
To complete the supply chain, Honda will also build a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with Asahi Kasei Corporation.
Once fully operational in 2028, the new assembly plant will produce up to 240,000 vehicles per year.
“Today’s announcement is a game changer for manufacturing in Canada,” Prime Minister Trudeau said in a media release.
“Honda’s investment is a vote of confidence in Canada, in Canadian auto workers, and in our manufacturing sector. Together, we’re creating good-paying jobs, growing our economy, and keeping our air clean.”
Federal officials say Honda’s investments in an electric vehicle assembly plant and a battery manufacturing plant in Alliston will create over one thousand well-paying manufacturing jobs in Ontario, with the CAM/pCAM processing plant and separator plant helping to create thousands of additional direct and indirect jobs in Ontario and across Canada, including during the construction phase and across Ontario’s leading auto parts supplier and research and development ecosystems.
“Today’s historic $15-billion investment by Honda delivers on our government’s promise to bring back manufacturing as part of our plan to rebuild Ontario’s economy, with thousands of good-paying union jobs and economic benefits for workers and families across the province,: Premier Ford said in a media release.
“From our abundant critical minerals in the Ring of Fire to our highly skilled workforce, Ontario has what it takes to secure the jobs of the future as the world leader in electric vehicle manufacturing, with better jobs and bigger paycheques for our world-class workers.”
Federal officials say this investment is a strong vote of confidence in Canada and Ontario’s highly skilled workers, strong economies, and competitive business environments.
“Canada is home to the talented workers, raw materials, clean electricity, and specialized production capabilities needed to build electric vehicles,” said Chrystia Freeland, Deputy Prime Minister and Minister of Finance, in a press release.
“Today’s announcement ‒ Honda’s largest investment in North America ‒ is about seizing that opportunity for Canadian workers. We are securing Canada’s electric vehicle advantage by building out the entire electric vehicle supply chain ecosystem, from raw materials to battery manufacturing to auto assembly lines ‒ ensuring workers benefit today and for decades to come.”
Federal officials say Canada’s auto sector has been an engine of economic growth, driving innovation and creating good middle-class jobs.
“Honda of Canada Manufacturing is one of the premier automotive manufacturing facilities in the world and, for nearly forty years, our work has been guided by determination, innovation, and a relentless drive to evolve,” stated Jean Marc Leclerc, President and Chief Executive Officer, Honda Canads.
“Today’s announcement is a historic investment by a manufacturer in the Canadian auto industry. It proudly honours the highly skilled associates who have earned a global reputation for manufacturing excellence and represents Honda’s recognition of the long-term attractiveness of the Canadian electric vehicle manufacturing ecosystem.”
As the demand for electric vehicles continues to grow, Federal officials say even more investment will be attracted and position the Canadian auto, battery manufacturing, and battery material production industries as global leaders across the entire electric vehicle supply chain, to create economic growth and opportunities now and for generations to come.
