Honda Motor Co. Ltd. could invest upwards of $18.4 billion in an electric vehicle plant in Canada, according to a report from a Japanese news outlet.
Nikkei Asia said on Sunday that Honda is considering building both a vehicle and battery plant in the country as part of efforts to catch up in the electric vehicle market.
The report says Honda is looking at several sites, including next to its existing plant in Alliston, Ont., with a potential investment decision expected by the end of the year.
Honda did not immediately respond to a request for comment.
A spokesperson for Industry Minister Francois-Philippe Champagne did not confirm whether any talks were going on between the company and the government.
The minister said in a statement that the report about Honda's potential investment is a "testament to Canada's growing reputation as a green supplier of choice and global EV leader."
"Reports about Honda looking to make a significant investment in Canada speaks to the quality of workforce and the strength of our industry," Champagne said in the statement.
The Nikkei report says the abundance of renewable energy in the country is part of the reason Honda is considering Canada, while in December the federal government mandated that all passenger vehicle sales would be electric by 2035.
Honda is retooling a production plant in Ohio to produce electric vehicles and has an agreement in place to build an electric vehicle battery plant in the state with LG Energy Solution, but the report says the company might go it alone on the battery plant in Canada.
LG is already in a partnership with automaker Stellantis to build a $5 billion battery plant in Windsor, Ont., one of numerous major EV investments Canada has secured after offering generous subsidies.
Volkswagen is building a battery plant in St. Thomas, Ont., and Northvolt is building one about 30 kilometres east of Montreal, with the three plants expected to cost tens of billions of dollars in subsidies linked largely to production volumes.
Honda announced in 2022 that it was investing $1.38 billion to upgrade its Allison plant in part to prepare it to be the lead plant for its CR-V hybrid crossover vehicle.
The company is only this year launching the sale of its first fully electric vehicle in Canada, the Prologue, with limited quantities expected in the first production year.
This report by The Canadian Press was first published Jan. 7, 2024.
Israel's ambassador to Canada says the international community needs to send a 'concise, concentrated, focused message to the Iranian regime,' following attacks on Israel Tuesday.
Iran launched at least 180 missiles into Israel on Tuesday, the latest in a series of escalating attacks in a yearslong conflict between Israel and Iran and its Arab allies that threatens to push the Middle East closer toward a regionwide war.
Sen. JD Vance and Gov. Tim Walz are set to go face to face tonight for the first and only planned vice-presidential debate of this U.S. election cycle. Watch the debate live on CTVNews.ca along with real-time commentary and analysis from journalists and experts.
Prime Minister Justin Trudeau's Liberal government survived another Conservative-led non-confidence vote on Tuesday, the second in less than a week. This, the same day the Bloc Quebecois had an opportunity to table a non-confidence motion of its own, opting instead to push the Liberals to support one of its key demands.
A 13-year-old girl has been charged with allegedly murdering her s-year-old sister in Taylor over the weekend.
A small bush on a ledge appears to have "miraculously" saved the life of a climber who fell down the steep slope of a mountain, according to B.C. search and rescue crews.
Alberta Premier Danielle Smith's office says her recent comment about chemtrails doesn't mean she believes the United States government is spraying them in the province.
Tributes have started pouring in for a Midland, Ont. man who died after reportedly being struck by an unmarked provincial police vehicle over the weekend.
As war spread in the Middle East on Tuesday, Foreign Affairs Minister Melanie Joly 'unequivocally' condemned Iran's move to fire dozens of missiles into Israel and called for no further escalation in the war from all sides.
The leader of the B.C. Conservative party is once again under fire for comments related to climate change – this time for suggesting there is an "anti-human agenda" behind the push to confront warming global temperatures.
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A British Columbia lawyer has resigned from the provincial law society after he sexually harassed staff at his law firm, including attempts to surreptitiously photograph one employee without her knowledge, according to the regulator.
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Kingston, Ont. police say several people have been arrested and charged following a break-in at a home in the city's east end last week.
Alberta Premier Danielle Smith's office says her recent comment about chemtrails doesn't mean she believes the United States government is spraying them in the province.
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An 81-year-old Montana man was sentenced Monday to six months in federal prison for illegally using tissue and testicles from large sheep hunted in Central Asia and the U.S. to create hybrid sheep for captive trophy hunting in Texas and Minnesota.
Amazon announced Tuesday the removal of a memoir from its site that purports to tell the story of an abusive relationship between the late actor and model Kim Porter and her longtime partner, hip-hop mogul Sean â€Diddy" Combs.
A 13-year-old girl has been charged with allegedly murdering her s-year-old sister in Taylor over the weekend.
At least six people were killed and nine wounded on Tuesday when two gunmen got off a tram in Tel Aviv and opened fire on passers-by, before themselves being shot dead by security forces and an armed civilian, Israeli police said.
A bus carrying young students and their teachers on a school trip caught fire in suburban Bangkok on Tuesday, leaving more than 20 feared dead, officials and rescuers said.
Prime Minister Justin Trudeau's Liberal government survived another Conservative-led non-confidence vote on Tuesday, the second in less than a week. This, the same day the Bloc Quebecois had an opportunity to table a non-confidence motion of its own, opting instead to push the Liberals to support one of its key demands.
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Israel's ambassador to Canada says the international community needs to send a 'concise, concentrated, focused message to the Iranian regime,' following attacks on Israel Tuesday.
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The Public Health Agency of Canada says it is not providing Novavax's COVID-19 vaccine this respiratory virus season, citing low demand.
Archeologists in Denmark have unearthed more than 50 'exceptionally well preserved' skeletons in a large Viking-era burial ground in the east of the country.
The two astronauts stuck at the International Space Station since June welcomed their new ride home with Sunday's arrival of a SpaceX capsule.
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An attorney said Tuesday he is representing 120 accusers who have come forward with sexual misconduct allegations against Sean “Diddy†Combs, the hip-hop mogul who is awaiting trial on sex trafficking charges.
Frank Fritz, who appeared on the History Channel antiques collector show 'American Pickers,' has died, according to his co-presenter and 'American Pickers' creator Mike Wolfe. Fritz was 60.
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The 45,000 dockworkers who went on strike Tuesday for the first time in decades at 36 U.S. ports from Maine to Texas may wield the upper hand in their standoff with port operators over wages and the use of automation.
Canada will be imposing a 25 per cent surtax on select imports of steel and aluminum from China, after unveiling its final list of impacted products on Tuesday.
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A code of conduct will be enforced on the online dating industry to better protect Australian users after research found that three-in-four people suffer some form of sexual violence through the platforms, Australia’s government said on Tuesday.
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It was an exciting weekend for hockey fans in Sudbury, as the city hosted an NHL preseason game.
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On Saturday night at her parents’ home in Delaware, Ont. the Olympic bronze medallist in pole vault welcomed everyone who played a role in getting her to the podium in Paris.
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Alberta Premier Danielle Smith's office says her recent comment about chemtrails doesn't mean she believes the United States government is spraying them in the province.
Four Edmonton minors are accused of trying to murder an 18-year-old woman.
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The Winnipeg Police Service is looking for a new helicopter to replace the current aircraft, which has been in service for 15 years.
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Manitoba Hydro reported a $157 million consolidated net loss according to the company's 2023-24 fiscal update.
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An Ahtahkakoop man who came to prominence in Saskatchewan’s Indigenous business community and helped thousands of First Nations people complete their education died on Friday.
Saskatchewan residents will vote for their next provincial government on Oct. 28.
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Two 17-year-olds have been charged in Elliot Lake with breaking into Centennial Arena and causing $50,000 in damage.
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Tributes have started pouring in for a Midland, Ont. man who died after reportedly being struck by an unmarked provincial police vehicle over the weekend.
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Moffatt's Mazda in Barrie has been implementing a new video service that allows customers to see what their mechanics see, to be as transparent as possible.
A 21-year-old Windsor man is on trial in Superior Court for trying to join a terrorist organization.
New cases of human smuggling along the shores of Canada's southernmost region occur almost daily, according to the Royal Canadian Mounted Police.
VON Windsor-Essex is searching for 90 volunteers, saying it is critical to help support its essential Meals on Wheels and Adult Day programs.
A young man has been charged with first-degree murder after police were called to investigate a suspicious death on Vancouver Island over the weekend.
A British Columbia lawyer has resigned from the provincial law society after he sexually harassed staff at his law firm, including attempts to surreptitiously photograph one employee without her knowledge, according to the regulator.
David Eby promised to expand financial supports and job protections for sick British Columbians if he wins this month's provincial election, throwing barbs at his main opponent in the process.
A father in Kelowna is furious after his 13-year-old daughter was brutally beaten on Gyro Beach. He is calling for criminal charges in the devastating attack, which was caught on video by multiple bystanders.
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From offering two meals a week to three a day, the Lethbridge Soup Kitchen has grown immensely over the past 40 years.
The sentencing for three men convicted of helping lead and coordinate the COVID-19 protest blockade at Coutts, Alta., in 2022 has been delayed.
A 10-year-old boy from Lethbridge is being praised as a hero after a routine summer outing at the pool nearly turned tragic for his friend.
A 40-year-old in Sault Ste. Marie who was on probation has been charged with assault with a weapon following an incident in August.
Canadian musician Jacob Hoggard took the stand in his sexual assault trial on Tuesday, denying that he raped his accuser and painting a dramatically different picture of their encounter eight years ago.
Overnight on Thursday as the community of Elliot Lake was resting to prepare for the upcoming Kraft Hockeyville celebrations, when vandals struck a building that has been top of mind for the northern Ontario city for more than a year.
He may not have logged the fastest time or even gone the full distance, but residents of a Newfoundland town agree the goat who unexpectedly joined the local weekend half marathon was the event's undisputed champion.
A mother in a community where the cost of living is one of the highest in the country says grocery prices are 'inhumane' and retailers are putting profits ahead of people’s basic human right to food.
A soccer game in England on Tuesday night drove a spike in online traffic across the Atlantic to a website launched by the Newfoundland and Labrador government.
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