The company will manufacture battery materials at a new plant in Port Colborne to support Honda’s $15-billion stake in the province
in Ontario ’s electric-vehicle supply chain will extend into the Niagara region, through a partnership with Japan’s Asahi Kasei to build components at a new $1.6-billion plant in Port Colborne, according to two sources with knowledge of the deal.
Touted by the federal and provincial governments as the largest single investment in the history of Canada’s auto sector, the projects planned by Honda and its partners – which will make Ontario the epicentre of the automaker’s rollout of EVs across North America – add up to an unusually sweeping package.
They include a new battery factory and vehicle-assembly plant, scheduled to open in 2028 and eventually have the capacity to build 240,000 vehicles annually, at Honda’s existing auto-manufacturing site in Alliston, Ont. They also include the battery-components projects with Asahi Kasei in Port Colborne and with South Korea’s Posco Future M Co. Ltd.
The rollout of the investments is part of the effort by Canadian governments to demonstrate that the country can be a major international player in the fast-developing EV sector.
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