fbpx

Honda Canada to Invest $1.38 Billion in Ontario Manufacturing Plants for Electrified Future

Autosphere » Dealerships » Honda Canada to Invest $1.38 Billion in Ontario Manufacturing Plants for Electrified Future
Rt. Hon. Justin Trudeau, Prime Minister of Canada, at the press conference on March 16. PHOTO Honda

Investment is a step toward realizing Honda’s goal of zero emissions by 2040, establishing HCM as a global leader in hybrid electric vehicle production.

Honda of Canada Mfg. (HCM), a division of Honda Canada, announced an investment of $1.38 Billion over six years to upgrade its award-winning Alliston, ON, manufacturing plants. The plants will implement new and innovative technologies, processes, supply chain and vehicle research and development programs, as a part of Honda’s goal to reach zero emissions by 2040.

This announcement marks an important step in the company’s pathway to electrification and will see HCM become the North America Lead Plant for the all-new 2023 CR-V Hybrid crossover. This will bring Honda’s total Canadian facilities investments to more than $6.5 billion since 1986, when Honda became the first Japanese auto maker to build a Canadian manufacturing facility.

Government’s contribution

HCM is partnering with both the governments of Canada and Ontario, with each level of government providing an equal and conditional contribution of $131.6 million.

“This represents an important milestone for Honda as we move forward in our ambitious vision to make battery electric vehicles represent 100 percent of our North America vehicle sales by 2040,” said Jean Marc Leclerc, President and CEO of Honda Canada.

By retooling both production lines at HCM, Honda will secure thousands of well-paying, high-quality jobs in Alliston and throughout Honda’s extensive Canadian supplier network.

“Today, we’re investing in workers, in communities, and in our future. Building hybrid-electrics will support thousands of good jobs here in Alliston and grow the economy, all while cutting pollution and keeping our air clean. By helping Canadians build – and then drive – cleaner vehicles, we’re delivering on our plan to build a better future for all,” said Rt. Hon. Justin Trudeau, Prime Minister of Canada.

 

Popular Posts

Calendar

Menu
X