Canada to invest $644 million in Ford battery materials plant in Quebec

Canada News News

Canada to invest $644 million in Ford battery materials plant in Quebec
Canada Latest News,Canada Headlines
  • 📰 financialpost
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 85%

Ottawa and Quebec join to invest $644 million in a new battery materials plant to be built Ford and two South Korean companies. Read more

Play Video

The federal government and the province of Quebec will each provide conditional loans of $322 million to build the plant, which is valued at more than $1.2 billion and is expected to create over 345 jobs, the federal government said in a press release on Aug. 17.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Subscribe now to read the latest news in your city and across Canada.Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Create an account or sign in to continue with your reading experience.Share your thoughts and join the conversation in the comments.Don't have an account?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

financialpost /  🏆 7. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ford Battery Plant Is Latest Step in Quebec’s Push to Become Global EV HubFord Battery Plant Is Latest Step in Quebec’s Push to Become Global EV HubFord Motor Co. is joining with South Korean battery-component makers SK On Co. and EcoPro BM Co. to build a cathode active material plant in Quebec worth more than C$1.2 billion ($887 million).
Read more »

Ford and partners pick Canada for $900 million battery materials plantFord and partners pick Canada for $900 million battery materials plantBy Steve Scherer OTTAWA (Reuters) - A consortium of Ford Motor Co and South Korean companies on Thursday said they would build a C$1.2 billion ($887 ...
Read more »

More than half of Quebec Lyme disease clinics aren't in serviceMore than half of Quebec Lyme disease clinics aren't in serviceHealth Minister Christian Dubé announced last year that 15 clinics for people suffering from long-term COVID and Lyme disease would open. The $20.5 million pilot project aims to offer a better care pathway for people with those diseases, which require more complex care.
Read more »

Months after closure of Quebec’s Roxham Road, more asylum seekers arriving by airNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »

Months after closure of Quebec's Roxham Road, more asylum seekers arriving by airMonths after closure of Quebec's Roxham Road, more asylum seekers arriving by airThe closure of a rural southern Quebec road used by thousands of asylum seekers to enter Canada from the United States hasn't stopped would-be refugees from arriving, federal data shows.
Read more »

Quebec enters the era of quantum computingQuebec enters the era of quantum computingTwo quantum computers being built in Quebec represent a breakthrough in the field of computing. They leverage the properties of small particles to, theoretically, process information far faster than even the strongest supercomputers.
Read more »



Render Time: 2025-02-26 15:38:14