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

Reuters
Updated
The logo of Asahi Kasei Corporation is displayed at an entrance of the company's Tokyo headquarters in Tokyo

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)

(This story has been refiled to fix typo to Kasei, in the headline)

(Reporting by Rocky Swift; Editing by Jacqueline Wong)