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Profile picture of Reuters
Reuters
A
 Apr 25
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Honda to set up $11 bln electric vehicle, battery plants in Canada
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
  • Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.

  • Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.

  • The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.

  • Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
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Profile picture of The Sydney Morning Herald
The Sydney Morning Herald
B+
 4h
Treasurer Jim Chalmers wants stronger foreign investment rules. What does that mean?
smh.com.au/national/treasurer-jim-chalmers-wants-stronger-foreign-investment-rules-what-does-that-mean-20240425-p5fmge.html
Treasurer Jim Chalmers wants stronger foreign investment rules ...
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The Wall Street Journal
B
 Apr 25
Toyota Makes $1.4 Billion EV Investment in Indiana Facility: The latest financing effort follows an additional $1.3 billion investment at its flagship Kentucky ...
wsj.com/business/autos/toyota-makes-1-4-billion-ev-investment-in-indiana-facility-594607ac
Toyota Makes $1.4 Billion EV Investment in Indiana Facility
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Profile picture of The Oregonian
The Oregonian
A-
 Apr 23
The Sports Bra announces plans to franchise with investment from Reddit co-founder Alexis Ohanian
oregonlive.com/sports/2024/04/the-sports-bra-announces-plans-to-franchise-with-investment-from-alexis-ohanian.html
The Sports Bra announces plans to franchise with investment from Reddit ...
Quick Glance: The Sports Bra Announces Franchising Plans with Investment from Reddit Co-Founder Alexis Ohanian
  • The Sports Bra, a now-iconic Portland destination that made history as the first women’s sports bar in the world, has announced plans to franchise and expand into other cities.

  • Investment from Reddit co-founder Alexis Ohanian - the husband of tennis legend Serena Williams - will fund the effort in partnership with Ohanian’s 776 Foundation. All returns from the investment will be invested back into girls’ and women’s sports via the foundation, the Sports Bra wrote in a post on Instagram.

  • Owner Jenny Nguyen opened The Sports Bra in Portland in 2022, and the business thrived in a city and state that has consistently showcased strong support for women’s sports.

  • But the growing hype around women’s sports is not unique to Portland. The popularity of women’s professional sports has seen a significant national uptick thanks, in part, to the emerging stardom of athletes like Sophia Smith, Caitlin Clark and others.
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