$1.6B parts plant for Honda electric vehicle batteries coming to Niagara Region
BNN Bloomberg
A Japanese company is building an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
Honda announced recently that it is building an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles as part of a $15-billion project to create a supply chain in the province for the automaker.
The location for part of that supply chain was announced Tuesday in Port Colborne, Ont., with a facility expected to be up and running by 2027. Asahi Kasei Corp. will build battery separators, which prevent the anode and cathode from coming into contact and causing a short circuit, but still allow the lithium ions to move back and forth.
Another company, POSCO Future M Co., Ltd., is set to build a cathode active material and precursor processing plant, but the location for that facility has not yet been announced.
