Honda Freezes $11 Billion EV Plant in Canada, Project Cancellation On The Table

Honda Motor has indefinitely suspended plans to build a $11 billion electric vehicle (EV) factory and accompanying battery plant in Ontario, as weakening U.S. demand forces the Japanese automaker to pivot toward hybrids in its North American strategy. The decision follows a two-year postponement announced in May 2025, with the project initially slated for a […] The post Honda Freezes $11 Billion EV Plant in Canada, Project Cancellation On The Table appeared first on the deep dive.