Honda and Asahi Kasei Announce $1.6B Electric Vehicle Supply Chain Plant in Port Colborne

Prime Minister Justin Trudeau and Premiere Doug Ford are set to join executives from Honda partner Asahi Kasei in Port Colborne today to unveil a groundbreaking $1.6-billion electric vehicle supply chain plant, according to sources familiar with the deal as reported by the Globe and Mail.

The announcement is a significant component of Honda’s extensive $15-billion investment in Ontario‘s electric vehicle supply chain.

As per the CBC, this upcoming facility will mark the establishment of Canada’s inaugural lithium-ion battery separator plant.

Village Media will provide further updates on this development as more details are verified.