The Nikkei reported that Honda is weighing a $14-billion plan to build an electric vehicle plant in Canada, possibly including the in-house production of batteries.

At the full $14 billion, it would represent one of Honda’s largest investments in EV production.

Honda reportedly is looking at several potential sites, including next to an existing automobile factory in the province of Ontario. It expects to decide by the end of 2024, with the new facility to go onstream as early as 2028.

Honda already plans to make EVs and batteries in Ohio starting in 2026 (earlier post); the Canada plant, if realized, would become its second EV production complex in North America.

North America accounts for roughly 40% of Honda global sales.