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Asahi Kasei to build EV battery component plant in Canada to supply Honda, Nikkei reports

Published 04/23/2024, 10:34 PM
Updated 04/24/2024, 03:20 AM
© Reuters. FILE PHOTO: The logo of Asahi Kasei Corporation is displayed at an entrance of the company's Tokyo headquarters in Tokyo, Japan October 9, 2019. Picture taken October 9, 2019.  REUTERS/Issei Kato/File Photo
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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 (NYSE:HMC) Motor's electric vehicle production in Canada, the newspaper said.

© Reuters. FILE PHOTO: The logo of Asahi Kasei Corporation is displayed at an entrance of the company's Tokyo headquarters in Tokyo, Japan October 9, 2019. Picture taken October 9, 2019.  REUTERS/Issei Kato/File Photo

($1 = 154.8000 yen)

(This story has been refiled to fix typo to Kasei, in the headline)

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