FILE PHOTO: The logo of Asahi Kasei Corporation is displayed at an entrance of the company’s Tokyo headquarters in Tokyo, Japan October 9, 2019. Picture taken October 9, 2019. REUTERS/Issei Kato/File Photo
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)
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