Honda Motor Co is mulling over a nearly 2 trillion yen ($13.83 billion) project for an electric vehicle plant in-

Canada, Nikkei reported. This may include battery production.

According to the report, the project could emerge as Honda's most significant investment.

The Japanese automaker, Honda, is reportedly considering several locations for a new-

manufacturing plant, including the area adjacent to an existing automobile factory in Ontario, according to Nikkei.

The company anticipates a definitive decision by year-end, with operations slated to commence as early as 2028.

Reuters reached out to Honda for a response but did not receive an immediate response.

Honda plans to release EVs based on the upcoming Honda e Architecture in 2026, starting in North America.

In 2022, the automaker announced its planned $4.4 billion joint-venture battery-

plant in Ohio, in partnership with LG Energy Solution. In October 2023, both Honda and General Motors announced their-

decision to terminate their partnership for the development of affordable electric vehicles (EVs). This decision was-

made one year after their initial agreement to collaborate in a $5 billion initiative aimed at surpassing Tesla's sales figures.