Honda to get up to $5B in government assistance for EV battery, assembly plants
Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles as part of a $15-billion project to create a supply chain in the province for the Japanese automaker.
The plan – which includes up to $5 billion in public funds – is expected to see the two main plants create 1,000 jobs on top of retaining the existing 4,200 jobs at the assembly plant. That plant is set to produce up to 240,000 vehicles per year when fully operational in 2028.
Prime Minister Justin Trudeau said the jobs involved are at the heart of the deal.
“It’s about, yes, creating green products that Canadians can rely on into the future, but it’s primarily about investing in the workers and the communities that they are part of as these plants get built and as they work for generations to come,” he said Thursday at a news conference detailing the project.