00:00It's Benzinga and here's what's on the block.
00:02Honda announced a historic $11 billion investment to build electric vehicles in Canada.
00:07The investment will enable Honda to build four new EV and battery manufacturing plants in Ontario
00:13with a combined annual capacity of 240,000 electric vehicles.
00:18Production is expected to start in 2028.
00:21It's going to make Honda's Canadian operations the first fully integrated
00:25EV supply train in North America.
00:27The investment aims to cut EV production costs by over 20%
00:31through the vertically integrated facilities.
00:33For all things money, visit Benzinga.com
