06:05 AM EDT, 05/13/2025 (MT Newswires) -- Honda Motor ( HMC ) said Tuesday that it is postponing its plan to invest roughly 15 billion Canadian dollars ($10.73 billion) to build an electric vehicle value chain in Canada by about two years, citing a slowdown in EV demand.

"Honda ( HMC ) will announce the specific timing of the resumption of the project once it has been finalized, while keeping a close eye on further market demands," the company said.

Honda ( HMC ) shares were down 4.8% in recent premarket activity.