Bosman Business World

News and Research => Properties => Topic started by: bosman on 2024-12-05 16:01

Title: $1-billion lithium-ion battery cell production plant that was planned for B.C
Post by: bosman on 2024-12-05 16:01
"A $1-billion lithium-ion battery cell production plant that was planned for Maple Ridge, B.C., has been shelved.

The parent company, Taiwan Cement Corp., announced the construction of the Canadian plant with much fanfare last year, with Prime Minister Justin Trudeau and Premier David Eby attending and promising a combined $284.5 million in government funding."

"...The B.C. government promised to contribute $80 million at the time toward the facility, while the federal government pledged $204.5 million as part of Ottawa's strategy "on securing key battery manufacturing facilities." cbc.ca/news/canada/br...

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