Honda Motor Freezes Unspecified Duration Canadian EV Project

TOKYO, May 14 (Pulse News Wire) – Honda Motor CO.,LTD. (7267.T) announced today that it has indefinitely frozen its project aimed at establishing a comprehensive electric vehicle (EV) value chain in Canada.

The company had previously disclosed plans to strengthen its North American EV supply capabilities by constructing such a value chain in Canada, which was initiated on April 25, 2024. In a subsequent update on May 13, 2025, Honda indicated a two-year delay due to a slowdown in EV demand.

However, the latest decision marks a more permanent halt to the project's progress. Jun Yokota, Director General of the Corporate Finance Division, at +81-3-3,423-1111.