Well if Lionhead havnt taken a leaf out of these guys books i will eat my hat
As in below
Recently, the US enacted the Inflation Reduction Act (IRA), which has resulted in over US$40B worth of new investment announcements in battery supply chains, demonstrating the potential for the industry to catalyse economic development locally.
The IRA has also encouraged provincial and state governments to support investments into battery supply chains. For instance, Stellantis and LG Energy Solution recently announced that their EV battery plant in Windsor, Ontario, will resume having made “binding” financing deals with the federal and provincial governments of Canada and Ontario.
The two companies suspended construction on their NextStar Energy plant earlier this year as they sought to attain more government funding to match US proposals under the IRA.
However, they have announced their intention to resume building the plant immediately upon increased investment from the provincial government.
Mark Stewart, Stellantis’s chief operating officer in North America, commented, “We are pleased that the federal government, with the support of the provincial government, came back and met their commitment of levelling the playing field with the IRA.”
Wednesday’s deal essentially “mirrors” the benefits Stellantis and LG would have received under the IRA if their battery plant had been set up in the US, stated Ontario Economic Development Minister Vic Fedeli in an interview.
“We’ve heard that Stellantis expects, if they were in the US, over the course of time, they would receive US$15B in tax breaks, so that would be expected in Canada.”
In March, Volkswagen secured a production subsidy deal worth up to US$13B from the Canadian government for battery manufacturing at a proposed plant in St. Thomas, Ontario. Similarly, Stellantis and LG Energy sought a comparable agreement to support their Windsor plant
Also
Stellantis Gets $11 Billion From Canada, Surpassing Volkswagen’s Subsidy
- Ontario agrees to cover a third of cost of both projects
- Deal ends months-long standoff over fate of battery plant
NOW PLEASE
Tell me the Canadian Govt are stepping up to the plate here matching equivalent of likewise US support to the tune of $15 bil
I know we are no where near the calibre of these Giants, but the point is the Canadian Govt are backing these guys in, they are commited to accelerating the EV market
Well you tell me what does the likes of this plant require to function
YES a supply of Ree
Why would the Canadian govt look to the US or anywhere else for their mineral supply when they have a multigenerational supply on their door step in VML
They are investing
$15Bil yes $15 Bil WOW
What we are looking for is chicken feed apposed to the above, how stupid would they be, to not back their own in here especially with the way VML/Cheetah have conducted themselves among the first nations and their overall mining operations
Not quite sure what Geoff Atkins did wrong for him to leave, but he could well finish up being the visionary for vml and Lionhead in the overall scheme of things
Its a no brainer no wonder this is taking so long ,this is going to be huge for VML
the writing is on the wall
VML MULTIGENERATIONAL supply of REE
Looking like the longer its gonna take the bigger its gonna be
https://www.theassay.com/articles/analysis/us-climbing-to-become-ev-production-powerhouse/
https://www.bloomberg.com/news/arti...es-deal-with-canada-ending-battery-plant-feud
https://www.reuters.com/business/au...ves-stellantis-lges-battery-plant-2023-07-06/
(20min delay)