The Honda has announced that it puts a break about $ 15 billion in the expense of EV to build electric car and battery factories in Canada between trading uncertainty.
The latest example of supporting Canada with a backward US program.
A few years ago, in Canada reserved in US in its system to save the US auto industry, which was in all land on the change of electric car changes.
The Canada agreed to Chinese taxes for Chinese evs to keep them away from the North American, EV marketplace included in the foreign IRA and Canada so that he could reach the US market.
However, when Trump began at the beginning of this year, he threw the entire Ira's fees program, planning to kill Evi credit, as well as placing multiple tax prices, including prices in Canada.
Resulted in a planned investment in the EV field in Canada to cool.
Now, one of the most important EV investment is temporarily suspended.
The Honda has announced that it is cold for two years its plan to establish a foundation for new production in Canada:
“Due to the recent decrease in the EV market, Honda Motor has announced two years of canada chain investment project in Canada. The company will continue to examine the time and project elevation as the market conditions change.”
Investment is announced above the previous year. The new EV new factory should be included in Ontario and the battery factory, up to more than $ 10 billion in the investment.
More than 1,000 jobs were to build and help to maintain 4,200 jobs in the current plant in Ontario, threatened by electric change.
Electrel's taking
Canada hit here and everything about the most protection of the US auto industry.
As I kept saying that temporarily, at the moment, you should just invite Chinese car makers to join.
You can make an agreement for india, where you delete Chinese merchants who are willing to invest in the EV Supply Chain Canada.
There is no point in protecting US car manufacturers if the US intends the Canada Canada Sector.
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