Canada, Ontario Governments Put Nearly $1B Toward EV Battery Parts Plant

An electric vehicle is charged in Ottawa on July 13, 2022. The Canadian Press/Sean Kilpatrick

The federal and Ontario governments are putting nearly $1 billion combined into an electric vehicle battery component plant in eastern Ontario.

The up to $2.761-billion Umicore facility in Loyalist Township will build cathode active materials and precursor cathode active materials.