Reuters
Ford and partners pick Canada for $900 million battery materials plant
A consortium of Ford Motor Co and South Korean companies on Thursday said they would build a C$1.2 billion ($887 million)plant to produce electric vehicle (EVs) battery materials in Becancour, Quebec, which is seeking to become an EV-supply-chain hub, Canada’s industry ministry said. The consortium includes South Korean partners EcoPro BM and SK On Co Ltd, according to the statement. The factory will eventually produce 45,000 tonnes of cathode active materials (CAM) per year for Ford EVs.