Asahi Kasei to build EV battery component plant in Canada to supply Honda, Nikkei reports
3:19 am Wednesday, April 24th, 2024
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 Motor’s electric vehicle production in Canada, the newspaper said.
($1 = 154.8000 yen)
(This story has been refiled to fix typo to Kasei, in the headline)
(Reporting by Rocky Swift; Editing by Jacqueline Wong)
