Previous close | 34.41 |
Open | 33.55 |
Bid | 33.63 x 800 |
Ask | 33.64 x 800 |
Day's range | 33.32 - 33.69 |
52-week range | 25.93 - 37.90 |
Volume | |
Avg. volume | 1,050,143 |
Market cap | 54.514B |
Beta (5Y monthly) | 0.61 |
PE ratio (TTM) | 9.09 |
EPS (TTM) | 3.70 |
Earnings date | N/A |
Forward dividend & yield | 1.02 (2.97%) |
Ex-dividend date | 28 Sept 2023 |
1y target est | 38.37 |
Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles. Honda expects to add at least 1,000 more workers for the two new facilities. There's also plans for a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M Co. and a separator plant through a joint venture partnership with Asahi Kasei Corp.
Honda wants to sell only electric vehicles by 2040. It’s investing billions of dollars in Canada and the U.S. to make that happen.
Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production plants alongside its existing facilities in Ontario, it said on Thursday, the Japanese automaker's largest ever investment in Canada. Like other Japanese car companies, Honda has been a relative latecomer to EVs, and is now pushing to better compete with fast-moving Chinese rivals.