Honda Motor Co Ltd (NYSE:HMC) will reportedly invest CA$15 billion ($11 billion) to establish electric vehicle manufacturing facilities north of Toronto, with substantial financial support from Canadian authorities.
Honda executives, alongside Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, will unveil the investment in Alliston, Ontario.
The decision follows close negotiations between Honda and the Canadian government, according to a report from Bloomberg.
Honda's move reflects a strategic commitment to meet the growing demand for electric vehicles in North America.
The company, known for its hybrid cars in the U.S., intends to commence production of its inaugural U.S.-manufactured fully electric vehicles in Marysville, Ohio, next year.
For Trudeau and Ford, the investment marks a significant milestone in their efforts to position Canada as a key player in the North American electric vehicle market.
Both leaders have already allocated substantial funds to attract other manufacturers, such as Volkswagen AG (OTC:VWAGY), to establish large-scale EV battery plants in the country.
As per the report, Honda plans to construct a new battery assembly plant in Alliston, augmenting existing facilities for electric vehicle production.
The report further noted that the investments are earmarked for a cathode materials facility and a battery components plant in Ontario, with specifics to be disclosed later.
Federal assistance to Honda includes tax credits for clean manufacturing and electric vehicle production, contingent on Honda's actual expenditure in Canada. Ontario will subsidize capital costs and potentially fund infrastructure upgrades like roads and sewers.
Price Action: HMC shares traded lower by 2.38% at $33.59 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
據報道,本田汽車有限公司(紐約證券交易所代碼:HMC)將在加拿大當局的大量財政支持下,投資150億加元(合110億美元),在多倫多以北建立電動汽車製造工廠。
本田高管將與加拿大總理賈斯汀·特魯多和安大略省總理道格·福特一起公佈對安大略省艾利斯頓的投資。
據彭博社報道,該決定是在本田與加拿大政府進行密切談判之後做出的。
本田的舉動反映了滿足北美對電動汽車不斷增長的需求的戰略承諾。
該公司以其在美國的混合動力汽車而聞名,打算明年在俄亥俄州馬里斯維爾開始生產其首款美國製造的全電動汽車。
對於特魯多和福特來說,這項投資標誌着他們努力將加拿大定位爲北美電動汽車市場關鍵參與者的一個重要里程碑。
兩位領導人已經撥出大量資金,以吸引其他製造商,例如大衆汽車公司(場外交易代碼:VWAGY)在該國建立大型電動汽車電池工廠。
根據該報告,本田計劃在艾利斯頓建造一座新的電池裝配廠,以擴大現有的電動汽車生產設施。
報告進一步指出,這些投資專門用於安大略省的正極材料設施和電池組件工廠,具體細節將在稍後披露。
聯邦政府對本田的援助包括清潔製造和電動汽車生產的稅收抵免,視本田在加拿大的實際支出而定。安大略省將補貼資本成本,並可能爲道路和下水道等基礎設施升級提供資金。
價格走勢:在週四的最後一次檢查中,HMC股價下跌2.38%,至33.59美元。
免責聲明: 該內容部分是在人工智能工具的幫助下製作的,並由Benzinga編輯審查和發佈。