Canada’s burgeoning electric vehicle (EV) market is garnering significant investments aimed at bolstering job creation, economic expansion, and environmental sustainability. Over the last four years, the automotive and battery sectors have announced investments exceeding $31 billion in EV manufacturing across the country, emphasizing the industry’s need for a reliable partner with exceptional capabilities.
Today, Prime Minister Justin Trudeau and Ontario Premier Doug Ford hailed Honda Canada’s monumental $15 billion investment to set up the nation’s first full-scale EV supply chain in Ontario.
This expansive project will initiate the construction of four new manufacturing plants in Ontario. Honda’s agenda includes a pioneering EV assembly plant, a first for Honda Motor Co., Ltd., alongside a specialized battery manufacturing facility at Honda’s site in Alliston, Ontario. The project scope also extends to a cathode active material and precursor (CAM/pCAM) processing plant through a partnership with POSCO Future M Co., Ltd., and a separator plant in collaboration with Asahi Kasei Corporation. By 2028, it is anticipated that the assembly plant will be capable of producing up to 240,000 vehicles each year.
These new plants are expected to generate over a thousand manufacturing jobs in Ontario directly, with the CAM/pCAM and separator plants further contributing thousands of additional direct and indirect jobs throughout Canada, including during the construction period and within Ontario’s prominent auto parts supplier and research and development arenas.
Prime Minister Justin Trudeau remarked, “Today’s announcement is a game-changer for manufacturing in Canada. Honda’s investment is a vote of confidence in Canada, in Canadian auto workers, and in our manufacturing sector. Together, we’re creating good-paying jobs, growing our economy, and keeping our air clean.”
This significant investment strongly supports the skilled workforce, vibrant economies, and competitive business environments of Canada and Ontario.
In response to this development, Mr. Shafqat Ali, MP for Brampton Centre, commented on the project’s regional impact: “This investment by Honda is one of the first of its kind in Ontario and is poised to significantly boost our economy and create job opportunities in Ontario. It’s a testament to our community’s potential to lead in innovative industries and sustain economic growth. Honda’s initiative not only underscores confidence in our workforce and economic climate but also highlights our capability to host such pioneering industrial advancements.”
Premier Doug Ford added, “Today’s historic $15 billion investment by Honda fulfills our government’s commitment to revitalizing manufacturing as part of our strategy to rebuild Ontario’s economy. This brings thousands of good-paying union jobs and economic benefits for workers and families across the province. With our abundant critical minerals in the Ring of Fire and a highly skilled workforce, Ontario is well-prepared to secure future-facing jobs as a world leader in electric vehicle manufacturing, offering better jobs and bigger paychecks for our world-class workers.”
As the demand for electric vehicles continues to rise, Canada is set to attract even more investment, enhancing its position as a global leader in the auto, battery manufacturing, and battery material production sectors, thereby driving economic growth and generating opportunities for future generations.