Canada invests in the production of battery materials for Ford vehicles
August 18, 2023
By Canadian Manufacturing
BÉCANCOUR — Government funding of $644 million will go towards the construction of a battery materials production plant in Bécancour.
This facility will be built by a consortium formed by the Ford Motor Company and South Korea’s EcoProBM and SK On. Valued at more than $1.2 billion, this project will create over 345 jobs.
The EcoPro CAM Canada facility will produce an average of 45,000 tonnes of cathode active materials annually. The materials will supply batteries for Ford’s future electric vehicles. The facility is expected to begin its operations in the first half of 2026.
“The arrival of Ford and the EcoPro CAM Canada consortium in the Vallée de la transition énergétique innovation zone is another major step in advancing the establishment of the battery sector,” said Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region. “We’re sending a clear signal: with its natural resources and clean energy, Quebec is one of the world’s most attractive places for global leaders in this industry of the future.”
The funding breakdown is as follows: the Government of Canada is providing a conditional contribution of $322 million through the Strategic Innovation Fund, and the Government of Quebec is providing a partially forgivable loan of $322 million through Investissement Québec.
“I am very proud that Quebec is attracting large players of the calibre of Ford, EcoPro and SK On,” said François Legault, Premier of Quebec. “In the wake of the GM-POSCO announcement made in the spring, today we’re announcing a new major investment of $1.2 billion in the Vallée de la transition énergétique innovation zone for the construction of a cathode active materials facility in Bécancour. We are laying the foundations for an industry that will allow Quebec to become a leader in both the North American and the global green economy. The energy transition gives us the opportunity to make our mark in the new economy and increase prosperity, while helping reduce global GHG emissions.”
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