This must be where a lot of those grants mentioned on LinkedIn by Monsieur Champagne are going.
The one that BL made the “100%” comment on.
These financial incentives are the response to the US government’s IRA so that Canada can remain competitive in the ev supply chain.
“A big piece of both battery plants are six major components. Those are: cathodes, anodes, separators, electrolytes, copper foil and lithium hydroxide. We are relentless in doing everything we can to attract these six types of suppliers. And perhaps even more than one. Each of those six that I mentioned, they are a minimum billion dollar investment. Some are two billion; some are three billion to get into those businesses.”And therein lies the potential value of the new pact: it’s not just a package securing a pair of factories for nearly $30 billion dollars. Rather, it’s a framework also intending to attract and support future investments in the massively exploding EV value chain.”
https://electricautonomy.ca/2023/07/12/ontario-ottawa-auto-pact-ev-supply-chain/
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