LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Ford and SK announce new massive battery cathode factory in Quebec’s battery valley

Robert Frost by Robert Frost
August 17, 2023
in Industries
Ford and SK announce new massive battery cathode factory in Quebec’s battery valley
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


EcoProBM, SK On and Ford are planning to invest C$1.2 billion to build a cathode manufacturing facility in Bécancour, Québec.

Ford and SK, a Korean battery manufacturer, have announced a plan to build a new $1.2 billion battery cathode factory in Becancour, known as Quebec’s battery valley.

Ford and SK have built or announced several battery factories in the US to support the automaker’s ambitious electric vehicles plans, which are going to require a massive ramp-up in battery supply.

You might also like

Duracell’s first-ever EV fast charger network will be in the UK

Ford cuts F-150 Lightning prices and boosts range after losing the $7,500 EV credit

Anker SOLIX C2000 Gen 2 power station and bundles 50% off early-bird savings, Jackery HomePower 3600 Plus at new low, more

On top of the battery cell production, the companies have been looking to build the entire battery supply chain in North America.

Today, Ford, SK, and EcoProBM, a cathode specialist, announced that they have partnered on a massive new factory in Bécancour, Quebec, to produce cathode material for batteries:

SK On, EcoProBM and Ford today are announcing an investment of C$1.2 billion to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles.

They are planning to start production in the first half of 2026 and ramp up production to up to 45,000 tonnes of CAM per year.

They wrote in a press release that it will produce NCM cathodes:

EcoPro CAM Canada LP will manufacture cathode active materials and, more precisely, high quality Nickel Cobalt Manganese (NCM) for rechargeable batteries that are targeting greater performance levels and improved EV range compared to existing products, thanks in part to EcoPro’s core shell gradient (CSG) technology.

The factory is being built in Quebec’s battery valley, which has been named that because of a number of investments in battery materials in the region including from GM-Posco, Nemaska Lithium, Nouveau Graphite, and more.

Ford says that construction has already started:

Construction has begun on the 280,000 square-meter (or more than 3 million square-feet) site and will include a six-floor building that will house approximately 345 new jobs for Canada – from engineers and sales and service professionals to co-op positions for students from local universities and colleges in Québec. EcoPro CAM Canada LP also will pursue research and development activities aiming at increasing battery safety and performance as well as increasing productivity and minimizing the environmental footprint of its manufacturing process.

Cathode material production is currently extremely limited in North America, and this initiative is expected to help Ford stay on track with the requirements to source battery materials from North America in order for its electric vehicles to be eligible for the $7,500 federal tax credit.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

EIA reports a weekly climb in U.S. natural-gas supplies

Next Post

Tottenham vs Man Utd: Prediction, kick-off time, TV, team news, h2h, odds

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Duracell’s first-ever EV fast charger network will be in the UK
Industries

Duracell’s first-ever EV fast charger network will be in the UK

October 13, 2025
Ford cuts F-150 Lightning prices and boosts range after losing the ,500 EV credit
Industries

Ford cuts F-150 Lightning prices and boosts range after losing the $7,500 EV credit

October 13, 2025
Anker SOLIX C2000 Gen 2 power station and bundles 50% off early-bird savings, Jackery HomePower 3600 Plus at new low, more
Industries

Anker SOLIX C2000 Gen 2 power station and bundles 50% off early-bird savings, Jackery HomePower 3600 Plus at new low, more

October 13, 2025
Thousands of Tesla owners join class action lawsuit over ‘Full Self-Driving’ in Australia
Industries

Thousands of Tesla owners join class action lawsuit over ‘Full Self-Driving’ in Australia

October 13, 2025
Next Post
Tottenham vs Man Utd: Prediction, kick-off time, TV, team news, h2h, odds

Tottenham vs Man Utd: Prediction, kick-off time, TV, team news, h2h, odds

Related News

Federal Reserve of San Francisco hiring crypto architect for CBDC project

Federal Reserve of San Francisco hiring crypto architect for CBDC project

July 23, 2023
Pro Talks: NYSE insider Jay Woods gives his fall market outlook as Wall Street action ramps up in September

Pro Talks: NYSE insider Jay Woods gives his fall market outlook as Wall Street action ramps up in September

August 29, 2025
These high-quality AI stocks are poised to outperform, Trivariate Research says

These high-quality AI stocks are poised to outperform, Trivariate Research says

August 25, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?