Wayne Dean’s Post

Honda To Spend $11 Billion On Four EV Factories In North America: Jonathan M. Gitlin reports Ars Technica: Honda announced today that it will spend $11 billion to expand its electric vehicle manufacturing presence in North America. The Japanese automaker already has a number of factories in the US, Mexico, and Canada, and it's this last one that will benefit from the expansion, with four EV-related plants planned for Ontario. Honda says it has begun evaluating requirements for what it's calling an "innovative and environmentally responsible" EV factory and a standalone EV battery plant in Alliston, Ontario, which is already home to Honda's two existing Canadian manufacturing facilities. Additionally, the automaker wants to set up another two sites as joint ventures. One will be a plant that processes cathode active materials and their precursors -- the various elements like nickel and manganese that are combined with lithium in lithium-ion batteries -- set up in a partnership with POSCO Future M, a South Korean battery material and chemical company. (POSCO is already working with General Motors on another joint venture battery precursor material facility in Betancour, Quebec, that is supposed to become operational in 2026.) A second joint venture will be a partnership with Asahi Kasei, which will manufacture battery separators, the material that keeps the anode and cathode apart. The locations of these two joint ventures have not yet been announced. Honda thinks it will be able to start making EVs in Ontario in 2028 and says the assembly plant will have the capacity to build 240,000 EVs per year. Meanwhile, the battery plant is planned to have an annual output of 36 GWh. Read more of this story at Slashdot.

Honda and Asahi Kasei Announce Collaboration for Battery Separator Production in Canada Honda Motor Co., Ltd. has revealed a significant collaboration with Asahi Kasei Corporation for the production of battery separators for automotive batteries in Canada. The two companies have reached a basic agreement and will commence detailed discussions with the aim of establishing a joint venture company by the end of 2024. Battery separators play a crucial role in lithium-ion batteries, acting as porous membranes that prevent electrical short circuits while facilitating the permeation of lithium ions between cathode and anode materials. Recognizing the importance of establishing a robust supply chain for high-performance batteries in the North American electrification market, Honda […] - https://lnkd.in/dBRJAnGx #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #battery #canada #collaboration #honda #northamerica

The following article discusses Honda's EV & battery #supplychain commitment to Canada, specifically Ontario. Honda's investment surpasses all previous competitor projects in both cost & scale. 👉 https://lnkd.in/e3Ur-GVA #EVs #batteries

#Honda #HondaCanada #HondaOfCanadaMfg. #HondaGlobal - This #announcement is #unprecedented in scope in #Canada and confirms #Honda’s #commitment to global #electrification and to the communities and our associates and their families in Canada. - ‘…Honda Motor Co., Ltd. today announced that it plans to build a #comprehensive #EV #valuechain in Canada with an approximate investment of CAD$15 #billion, including #investment by #jointventure partners, to strengthen its EV supply system and capability to prepare for a future increase in EV demand in #NorthAmerica. Honda has begun evaluating the requirements to build an #innovative and #environmentally responsible Honda EV plant and a stand-alone Honda EV #batteryplant in #Alliston, #Ontario. The proposed Honda EV value chain will also include a #cathode active material and precursor (CAM/pCAM) #processing plant through a joint venture partnership with #POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with #AsahiKasei Corporation, with announcements to follow in their respective Ontario communities…’ - Details:

Big EV News is expected on Thursday in #Canada. Honda is anticipated to announce a multi billion dollar investment to build an #electricvehicles, #batteries and #cathode manufacturing complex in Aliston, #Ontario. This is yet another big step forward in #Canada's plan to build critical mass in its EV and battery supply chain, and augurs well for local use of Canadian critical minerals and battery materials. It speaks to the strong trend for decarbonatization and electrification of transport in North America. This will be great news too for the Canadian economy. https://lnkd.in/gJjaAzY9 #economy #localization #electricfication #automotive #manufacturing #sustainability #investment #economy #honda #cathode #environment

About Honda's Investment in the EV Industry Honda has announced a $15 billion investment to develop a comprehensive electric vehicle (EV) manufacturing ecosystem in Ontario. This project includes constructing an EV assembly plant, an EV battery factory, a cathode active material processing plant in partnership with POSCO Future M Co., Ltd., and a separator plant with Asahi Kasei Corporation. Key Details: -EV Assembly Plant: Production begins in 2028, with an annual capacity of up to 240,000 vehicles. -EV Battery Plant: Capacity of 36 GWh per year. Job Creation: Over 1,000 new jobs, securing 4,200 existing positions at Honda's facilities in Ontario. -Comprehensive Supply Chain: From raw materials to finished products, leveraging Canada’s resources and clean energy. -This investment supports Honda's goals of achieving 100% BEV and FCEV sales by 2040 and reaching carbon neutrality by 2050. https://lnkd.in/ge6vhqmC #ElectricVehicles #Ontario #Honda #Sustainability #Innovation #EVInvestment

This is not #EV investment into US #automotive factories but is investment into North American #manufacturing. Many of these #cars will likely be exported from Canada into the US. This Canada Auto News article explains that the Canadian government will provide ~$2.5B CAD while the Ontario government will add another $2.5B CAD to that. This comes to ~$3.7B US in government investments into the $11B four-factory array. From what I can tell, this will go as deep as Tier 2, meaning Honda is quite vertically-integrated, when it comes to #electriccar #technology. https://lnkd.in/eBVGgXVd

Japanese manufacturers often seem to be the most vertically integrated.   Honda announced last week that they will build both an #EV factory and EV battery plant in one location in Ontario.   They will also build two additional plants in North America as joint ventures that will process and manufacture battery components.   Total investment in the four plants will reach $11B.   Series auto production is planned to begin in 2028, implying Honda’s estimated timeline on #electricvehicle demand in North America. #cars #automotive #manufacturing #electricvehicles #technology #sustainability

#BreakingNews: It's official! Honda will invest CAD$15 billion to build five consecutive links in #Canada's #electricvehicle #supplychain. By 2028, the Japanese automaker will produce up to 240,000 EVs and batteries on its own, and precursors, cathodes and separators with partners, all to be located in Alliston, #Ontario. With growing investments such as this one, Canada and Ontario's role in the global electric vehicle supply chain is starting to achieve true world-class stature. This augurs well for the Canadian economy and critical minerals producers. #economy #investment #automotive #greeneconomy #energy #industry #batteries POSCO FUTURE M #Japan Asahi Kasei #sustainability #technology #innovation #future

Honda announced four new plants to be built around the conversion of their Allison, Ontario plant to #electricvehicle production. The upgraded vehicle assembly building will be supported by a new #battery cell making plant, a #cathode plant and a battery separator plant. Allistion’s new SOP is set for 2027, with an eventual capacity of 230,000 #evs . #autoforecastsolutions predicted this development over a year ago. We are flat that the governments of Canada and Ontario have the #honda Allison facility to take advantage of Canada’s vertically integrated #ev production capabilities; including everything from mining the raw materials to the finished #evs. #automotiveindustry #automobilindustrie #oemsuppliers #forecasting https://lnkd.in/e_w8hB3S