HMC Stock Recent News

Honda Motor (NYSE:HMC) announced it is investing C$15 million (US$11 million) to build four new manufacturing plants in Ontario, Canada, to build out its electric vehicle capabilities.  The automaker said it has started the evaluation process for a Honda EV plant and a stand-alone Honda EV plant in Alliston, Ontario.

Honda Motor Co Ltd says it will invest $11 billion to set up an EV hub in Ontario, Canada. Shares of the automaker are in the red at writing.

The Japanese automaker, which has been slow to sell electric vehicles, said it would invest $11 billion to make batteries and cars in Ontario.

Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada to create a "comprehensive EV value chain," the Japanese automaker announced.

Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday.

Honda Motor (HMC) closed the most recent trading day at $34.58, moving +0.09% from the previous trading session.

Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday.

Honda Motor is nearing a deal to assemble EVs and components in Canada, with the government agreeing to partly offset the Japanese auto maker's capital costs through recently unveiled tax breaks.

Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a hybrid-flex vehicle in the South American country.

Honda (HMC) aims to introduce six next-generation EV models under its new brand, Ye, in China by 2027.