Asahi Kasei to build EV battery component plant in Canada to supply Honda, Nikkei reports

Reuters

Published Apr 23, 2024 10:34PM ET

Updated Apr 24, 2024 03:20AM ET

TOKYO (Reuters) - Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday.

The plant is being built primarily to supply Honda (NYSE:HMC) Motor's electric vehicle production in Canada, the newspaper said.