Honda shelves $11B Canada EV factory as its electric retreat deepens
Honda is shelving its massive C$15 billion ($11 billion) EV and battery manufacturing hub in Ontario, Canada, according to a new report from Nikkei. The move escalates what was initially framed as a temporary pause into what increasingly looks like an indefinite retreat.
The decision is the latest domino to fall in Honda’s accelerating withdrawal from electrification, which has already included a $15.7 billion writedown, the cancellation of three key EV models for the US market, and the death of its Sony Afeela partnership.
