Cooperation with South Korean battery component manufacturing companies SK On Co. and EcoPro BM Co. announced Ford Motor Co., which will build a more than $1.2 billion active cathode materials plant in Quebec.<\/p>\n\n\n\n
The Government of Canada and the Province of Quebec are providing $644 million in loans for the Becancour facility, which will create at least 345 jobs and serve Ford plants in Canada and the US. <\/p>\n\n\n\n
The project announced Thursday is the corporate giant’s latest investment in the small community northeast of Montreal, which aims to become a critical hub for North America’s electric vehicle supply chain.<\/p>\n\n\n\n
Becancour is emerging as a “strategic location” for batteries, and the Ford plant will help solidify the EV ecosystem built in Quebec and Ontario, according to Canadian Industry Minister Fran\u00e7ois-Philippe Champagne.<\/p>\n\n\n\n
The EcoPro CAM Canada facility is expected to begin operations in the first half of 2026 and produce an average of 45,000 metric tons of active cathode materials each year.<\/p>\n\n\n\n
The method of financing<\/strong><\/p>\n\n\n\n The public financing is broken down into a conditional loan of $322 million from the Canadian government and a loan for the same amount from Quebec. It was first revealed last fall that Ford and Korean companies were discussing building the plant in the French-speaking province. The companies had earlier agreed to invest in a North American manufacturing facility that would supply batteries for a joint venture between SK On and Ford in Tennessee and Kentucky.<\/p>\n\n\n\n Ford’s announcement follows news in May that General Motors Co. and Posco Future M Co. secured half of the financing for a $600 million battery plant in Becancour. Germany’s BASF SE and Brazil’s Vale SA have also committed to invest in the region.<\/p>\n\n\n\n It is worth noting that Canada has enthusiastically supported the effort to “erode” China’s dominance in the manufacture of electric vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":" Cooperation with South Korean battery component manufacturing companies SK On Co. and EcoPro BM Co. announced Ford Motor Co., which will build a more…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[620,946],"tags":[2058,403,4425,4634],"class_list":["post-15016","post","type-post","status-publish","format-standard","hentry","category-business","category-companies","tag-business","tag-canada","tag-electromobility","tag-ford"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/15016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15016"}],"version-history":[{"count":1,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/15016\/revisions"}],"predecessor-version":[{"id":15018,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/15016\/revisions\/15018"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}