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Honda Indefinitely Suspends Canada EV Supply Chain Project Amid Sluggish Demand

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Honda Motor (TYO:7267) said it indefinitely suspended its plan to establish a comprehensive electric vehicle value chain in Ontario, Canada, after previously delaying the project by about two years amid slowing EV demand, according to a Thursday filing on the Tokyo Stock Exchange.

The automaker had originally disclosed the Canada EV supply chain project in April 2024 as part of efforts to strengthen its North American electric vehicle operations. Honda later said in May 2025 that it would postpone the plan by about two years because of weaker demand growth for EVs.

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