-- Honda Motor (TYO:7267) will pause its plans to establish an electric vehicle (EV) factory in Ontario, Canada, Nikkei Asia reported Wednesday.
The move comes amid weaker US demand, forcing the automaker to focus more on hybrids as part of its North American strategy, the report said.
In May 2025, the company delayed the construction of the plant and a battery factory by two years, according to the report.
Honda Motor is discussing the indefinite suspension of the project with the Canadian government, with a potential termination contingent on trends in North American EV policies, the report said.
Honda was allocating CA$15 billion on the plant and the battery factory, with the related land purchase supposedly obtaining support from Canada, Nikkei Asia said.
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