Thanks Long shot back to VML but ya never know ""This is a big...

Thanks

Long shot back to VML but ya never know

""This is a big vote of confidence in the (EV) ecosystem we've been building," Canada industry minister Francois-Philippe Champagne told Reuters. "This is very significant for Quebec, because as you know the auto sector has been primarily investing in Ontario, but now we have GM, now we have Ford in Becancour."

General Motors Co (GM.N) and South Korea's POSCO Future M in May said they would increase production capacity at a chemical battery materials facility whose construction was first announced last year. Germany's BASF SE (BASFn.DE) is also building a battery materials factory there.

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.

German automaker Volkswagen (VOWG_p.DE) and Stellantis (STLAM.MI), the parent of brands including Fiat and Chrysler, are building multibillion-dollar battery plants west of Quebec in Ontario, the heartland of Canada's fossil-fuel-powered car industry that has historical trade and production links with the Detroit carmakers."

https://www.reuters.com/business/au...a-900-mln-battery-materials-plant-2023-08-17/