Honda’s $11 Billion Electric-Vehicle Expansion Includes Government Aid in Canada

Honda Motor Co. will spend C$15 billion ($11 billion) to build electric vehicles north of Toronto, with lawmakers in Canada promising significant financial aid, according to a person with knowledge of the matter.

The investment will be announced Thursday morning in Alliston, Ontario, by Honda officials and government leaders including Prime Minister Justin Trudeau and Ontario Premier Doug Ford. Bloomberg News first reported on April 21 that Honda and the Canadian government were near a deal.