Ford announces $1.2-billion EV battery material manufacturing plant in Quebec

Ford Motor Company has introduced a brand new manufacturing plant in Quebec for elements of electrical automotive batteries.

The $1.2-billion collaboration between Ford and Korean corporations ECOPRO BM and SK On is predicted to supply as much as 45,000 tonnes a yr of cathode lively supplies — which decide the capability and energy of batteries.

The 280,000-square-metre website in Becancour, Que., is underneath development and represents Ford’s first funding within the province.

Governments will fund about half the mission, with a $322-million mortgage from Quebec and a conditional contribution of the identical quantity from Canada.

Quebec Premier Francois Legault praised the announcement as proof of the province’s rising management within the inexperienced financial system.

Ford says the ability, situated on the south shore of the St. Lawrence River midway between Montreal and Quebec City, will create 345 jobs as soon as it is operational in 2026.

This report was first revealed by The Canadian Press on Aug. 17, 2023.