# Honda of Canada Mfg. to invest $1.38 billion in Ontario plants for electrification

Honda of Canada Mfg. announced a $1.38 billion investment over six years to upgrade its Alliston, Ontario manufacturing plants, including retooling for hybrid electric vehicle production and becoming the North America Lead Plant for the 2023 CR-V Hybrid.

- Type: Investment
- Announced: 2022-03-16
- Where: Alliston, Ontario, Canada
- Value: $1.38B
- Status: announced
- Products: hybrid electric vehicles, CR-V Hybrid crossover
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Honda of Canada Mfg.](https://endata.com/companies/61644.md)

## Sources

- [hondanews.ca](https://hondanews.ca/en-CA/releases/honda-of-canada-mfg-to-invest-more-than-138-billion-in-ontario-manufacturing-plants-in-preparation-for-electrified-future), 2022-03-16: "This represents an important milestone for Honda as we move forward in our ambitious vision to make battery electric vehicles represent 100 per cent of our North America vehicle sales by 2040."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.