Honda makes a significant investment in Canada to show commitment to electric vehicles.

Daily Dumpling: Honda makes a significant investment in Canada to show commitment to electric vehicles.

Honda Motor announced a significant $11 billion investment in Ontario to manufacture batteries and electric vehicles, marking a shift from its previous focus on hybrid vehicles. The move, including retooling its factory in Alliston, Ontario, and plans for producing electric vehicles in Ohio, demonstrates a commitment to embracing electric vehicle technology. Canada's incentives and resources, such as tax credits and material reserves, make it an attractive location for these investments. However, concerns about the profitability of lithium mining in Canada have been raised.

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