Tag: Honda

Honda to invest $11 billion in building EV value chain in Canada

Honda Motor Co plans to build a comprehensive EV value chain in Canada with an approximate investment of CAD$15 billion / US $11 billion (Rs 91,275 crore), including investment by joint venture partners, to strengthen its EV supply system and capability to prepare for a future increase in EV demand in North America.  The Japanese… Continue reading Honda to invest $11 billion in building EV value chain in Canada

Honda to invest $11 billion in building EV value chain in Canada

Honda Motor Co plans to build a comprehensive EV value chain in Canada with an approximate investment of CAD$15 billion / US $11 billion (Rs 91,275 crore), including investment by joint venture partners, to strengthen its EV supply system and capability to prepare for a future increase in EV demand in North America.  The Japanese… Continue reading Honda to invest $11 billion in building EV value chain in Canada

Honda to invest $11 billion in building EV value chain in Canada

Honda Motor Co plans to build a comprehensive EV value chain in Canada with an approximate investment of CAD$15 billion / US $11 billion (Rs 91,275 crore), including investment by joint venture partners, to strengthen its EV supply system and capability to prepare for a future increase in EV demand in North America.  The Japanese… Continue reading Honda to invest $11 billion in building EV value chain in Canada

Maruti Fronx tops new-model UV sales in FY2024, plenty of new SUV launches in FY2025

FY2024’s record sales of 4.21 million passenger vehicles comprising hatchbacks, sedans, utility vehicles and vans in India were powered by the utility vehicle (UV) segment, particularly SUVs which had a 50 percent share of the overall PV market. Utility vehicles accounted for 25,20,691 units (up 26% YoY) and 60% of entire PV sales in FY2024v.… Continue reading Maruti Fronx tops new-model UV sales in FY2024, plenty of new SUV launches in FY2025

Honda Commits to E.V.s With Big Investment in Canada

Honda Motor on Thursday said it and several suppliers would invest $11 billion to build batteries and electric cars in Ontario, a significant commitment from a company that has been slow to embrace the technology. Like Toyota and other Japanese carmakers, Honda has emphasized hybrid vehicles, in which gasoline engines are augmented by electric motors,… Continue reading Honda Commits to E.V.s With Big Investment in Canada

Honda goes all-in on EVs in U.S., Canada despite slowdown worries

TOKYO/TORONTO — With big plans for a North American electric-vehicle supply chain, Honda Motor is showing confidence in the outlook for the U.S. market for EVs despite some bumps in the road. The 15 billion Canadian dollar ($11 billion) investment announced Thursday — one of Honda’s largest to date — includes EV and battery factories… Continue reading Honda goes all-in on EVs in U.S., Canada despite slowdown worries

Honda announces USD 11 bn EV battery and vehicle plant in Canada

Since 2021, Honda has made big outlays as it aggressively pursues its objective of becoming 100 percent electric in its automobile segment by 2040. Japanese auto giant Honda announced Thursday the largest automotive investment in Canada’s history, worth Can$15 billion (USD 11 billion), for a massive new EV battery and vehicle assembly plant. Honda chief… Continue reading Honda announces USD 11 bn EV battery and vehicle plant in Canada

Visteon wins $1.4 billion in new business in Q1 2024, launches 26 new products

Visteon has reported net sales of $933 million compared to $967 million in the first quarter of the prior year. The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production.  The company states that its sales outperformed customer… Continue reading Visteon wins $1.4 billion in new business in Q1 2024, launches 26 new products