Japanese firm Asahi Kasei invests $1.6 billion in new EV battery parts plant in Port Colborne, Ont.

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Japanese firm Asahi Kasei invests $1.6 billion in new EV battery parts plant in Port Colborne, Ont.
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Construction of the plant is expected to be completed by the end of this year, but the federal government said details regarding the number of jobs created “are currently being finalized and will be announced at a later date.”

Construction of the plant is expected to be completed by the end of this year, but the federal government said details regarding the number of jobs created “are currently being finalized and will be announced at a later date.”An electric vehicle is charged in Ottawa on Wednesday, July 13, 2022. Auto manufacturers will have three years to start showing a sizable increase in electric vehicle sales as the federal government moves to finalize its new EV mandate this week.

The Japanese multinational Asahi Kasei is investing $1.6 billion in a new electric-vehicle battery separator plant in Port Colborne, Ont., Prime Minister Justin Trudeau announced on Tuesday.it was exploring joint investment opportunities in a building a plant with Honda Canada, which an industry source confirmed will be a partner in the new facility.

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