Honda delays $15 billion electric vehicle investment plans in Ontario.

 A leading global automaker has delayed plans to invest billions in transitioning its Ontario operations to electric vehicle production, including a proposed battery plant, citing declining market demand.  

On Tuesday, Honda Canada confirmed a two-year pause on its Ontario initiatives, halting construction of the battery facility and postponing upgrades to its vehicle assembly plant and two battery component factories. In a statement, Honda attributed the decision to "the recent slowdown in the EV market," calling the move a "two-year postponement of the comprehensive value chain investment project in Canada."  


The company emphasized that the delay will not affect its existing Alliston, Ontario, manufacturing plant and stated it will "continue evaluating the timing and progression of the project as market conditions evolve."  


The paused initiatives—which included the battery plant, parts facilities, and assembly line upgrades—were projected to generate 1,000 new jobs while safeguarding 4,200 existing positions at the Alliston site.  

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