The $11 billion investment will fund four new plants. These include an EV assembly plant designed for an output of 240,000 vehicles annually, starting in 2027. Additionally, there will be a battery production facility with a capacity of 36 gigawatt-hours per year and two plants dedicated to manufacturing battery components.
Honda's strategy aims to establish a complete local EV supply chain. Their goal is to offer competitive pricing while achieving a lower environmental impact. By post-2040, Honda plans to produce only EVs and fuel cell electric vehicles (FCEVs), aiming for net-zero CO2 emissions by 2050.
The investment is expected to create 1,000 new jobs while maintaining the current workforce of 4,200 employees at the Alliston campus. Post-expansion total employment is projected at 5,200.
Looking ahead, Honda plans to introduce new EV models featuring unique architecture starting in 2025. Industry experts anticipate that these will include a small Honda-badged electric crossover by 2027 and a larger Acura electric crossover in 2028. These upcoming models differ from the Honda Prologue, which was built by GM using Ultium architecture.
Sources: Honda, Automotive News
