Honda (HMC) Motor announced that due to the current slowdown in EV demand, Honda has decided to postpone by approximately two years its plan, announced on April 25, 2024, to build a comprehensive EV value chain in Canada to strengthen its EV supply chain in North America. Honda will announce the specific timing of the resumption of the project once it has been finalized, while keeping a close eye on further market demands.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HMC:
- Drink and Drug Firms Boost U.S. Manufacturing Health With $1B Plus Investment Plans
- Trump says tax bill to include tax break for built-in-America car purchases
- HMC Earnings this Week: How Will it Perform?
- Tariffs to be cut on UK-made cars, beef, under new deal, Telegraph says
- UK near trade pact with U.S. with breaks for cars and steel, FT says