By 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 ...
AIFF is Back! | SaltWireOTTAWA - A consortium of Ford Motor Co and South Korean companies on Thursday said they would build a C$1.2 billion plant to produce electric vehicle battery materials in Becancour, Quebec, which is seeking to become an EV-supply-chain hub, Canada's industry ministry said.
Canada's federal government will provide the consortium with a conditional loan of C$322 million and Quebec will offer the same amount as a partially forgivable loan, the statement said. Construction is expected to start in the first half of 2026 and the plant will create more than 345 jobs. Canada, home to a large mining sector for minerals including lithium, nickel and cobalt, is trying to woo companies involved in all levels of the EV supply chain via a multibillion-dollar green technology fund as the world seeks to cut carbon emissions.
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