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Honda announces next steps in preparation for EV production in US

Green Car Congress

Honda announced key next steps in the establishment of its EV Hub in Ohio. In October 2022, Honda announced that it would invest $700 million to retool several of its existing auto and powertrain plants to establish the new EV Hub in Ohio, to prepare for the production of battery electric vehicles in 2026.

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

Baua Electric

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.

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Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

The company is expected to decide sometime this year, with production beginning in 2028. So far, Volkswagen and its battery company PowerCo are building a gigafactory for cell manufacturing in St. Thomas, Ontario, with production starting in 2027. Thomas, Ontario, with production starting in 2027.

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UGI and Vertimass in 15-year agreement to produce renewable fuels in the US and Europe; $500M investment; propane and SAF

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UGI Corporation has entered into a 15-year agreement with California-based technology developer Vertimass to utilize their catalytic technology to produce renewable fuels from renewable ethanol in the US and Europe. The technology enables flexible production of the renewable fuels to align with regional market demand.

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Ohio Third Frontier Advanced Energy Program Recommends Nearly $7.2M in Funding for 6 Projects; 3 Li-ion Awards

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The Ohio Third Frontier Advanced Energy Program recently recommended nearly $7.2 The Ohio Third Frontier Advanced Energy Program supports research and development that addresses the technical and cost barriers to commercialization of advanced energy components and systems, with preference to wind, biomass, and energy storage in Ohio.

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Intel to invest $20B to build two processor factories in Ohio

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Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Credit: Intel Corporation).

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GM to boost EV and AV investments 75% to $35B through 2025; new battery plants

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GM is targeting annual global EV sales of more than 1 million by 2025, and we are increasing our investment to scale faster because we see momentum building in the United States for electrification, along with customer demand for our product portfolio. —GM Chair and CEO Mary Barra.

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