Honda Indefinitely Suspends Canadian EV Project Due to Weak Demand

Published: May 6, 2026 15:29

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[Honda Suspends C$11 Billion EV Factory Project in Canada] Affected by weak EV demand in the US, Honda Motor plans to shelve its plan to build an EV factory in Canada and make hybrid car models the core of its North American strategy. Honda originally planned to invest a total of C$15 billion (approximately $11 billion) in the Canadian EV factory and battery plant. Last May, it decided to delay the project by two years. Given that market conditions are unlikely to improve in the short term, Honda has now decided to suspend the project indefinitely.

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