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Port Colborne, Ontario, a small city in the Niagara Region, has been selected for the next plant in Honda’s electric vehicle supply chain, in partnership with Asahi Kasei.
The battery parts manufacturing facility is part of a $15-billion investment to build EV manufacturing plants in the province. With high costs for EVs holding many customers back, Honda believes a vertically integrated supply chain can cut battery-making costs by 20%.
The announcement marks a significant milestone in Niagara region’s economic development as Asahi Kasei’s new wet-process separator manufacturing facility will undoubtedly shape Niagara’s local economy for years to come.
In addition, this investment represents the culmination of collaboration and partnership between the federal, provincial and municipal governments at both the region and city.
“I am so thrilled to welcome Asahi Kasei as we celebrate this tremendous investment in Port Colborne and Niagara,” said William Steele, Mayor, City of Port Colborne. “This success would not have been possible without the incredible cooperation of all levels of government, the collaboration with our private business development partners, and the vision of the Asahi Kasei team. This investment is transformational for our region and I want to extend my sincere congratulations and appreciation to everyone involved in bringing it to fruition.”
The lithium separator plant completes an important link in a complete lithium and battery supply chain in Ontario.
Ontario stands out as an attractive destination for automakers due to its close proximity to the U.S. market and its strong parts supplier network.
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