10:55 AM EDT, 05/13/2025 (MT Newswires) -- Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility, The Canadian Press is reporting on Tuesday

Honda Canada spokesman Ken Chiu said due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the comprehensive value chain investment project in Canada. "The company will continue to evaluate the timing and project progression as market conditions change," Chiu said in a statement Tuesday.

The decision has no impact on current employment at the Honda manufacturing plant in Alliston, Ont., he added.

Tuesday's report noted Honda's EV project in Canada includes a retooled assembly plant, an electric vehicle battery plant in close proximity, as well as two key battery parts facilities located elsewhere in Ontario. The project was expected to see the two main plants create 1,000 jobs on top of retaining the existing 4,200 jobs at the assembly plant.

Under the original plan, the plant was set to produce up to 240,000 vehicles per year when fully operational in 2028.

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