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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.
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it had opened an engineering analysis to investigate reports of unexpected activation of automatic emergency braking system on around 3 million American Honda Motor vehicles.
Japan's Honda Motor plans to launch six next-generation electric vehicle (EV) models branded Ye in China by 2027, the automaker said on Tuesday.
While the mandate marks progress toward sustainability, concerns related to affordability and inadequate EV charging infrastructure in rural areas persist.
In the first quarter of 2024, U.S. vehicle sales continue to see upward momentum due to improvements in inventory levels and better pricing.