Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports

TOKYO (Reuters) – Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday.

The plant is being built primarily to supply Honda Motor’s electric vehicle production in Canada, the newspaper said.

($1 = 154.8000 yen)

(Reporting by Rocky Swift; Editing by Jacqueline Wong)