Trudeau, Eby Announce Over $1 Billion Subsidy to BC Lithium Battery Manufacturer

The move comes after the federal and Ontario governments announced investing nearly $ 1 billion in an EV battery component plant in eastern Ontario.

Prime Minister Justin Trudeau holds battery cells while talking with B.C Premier David Eby (back R) and Industry Minister Francois-Philippe Champagne during a tour of lithium battery manufacturer E-One Moli Energy (Canada) in Maple Ridge, B.C., on Nov. 14, 2023. The Canadian Press/Darryl Dyck

Prime Minister Justin Trudeau and B.C. Premier David Eby have announced a subsidy exceeding $1 billion for a British Columbia energy company specializing in lithium-ion battery production.

In a Nov. 14 statement, the B.C. government detailed a $1.05 billion investment, with $970 million from the federal government and an additional $80 million from the province for E-One Moli Energy Corp. Based in Maple Ridge, roughly 50 kilometres east of Vancouver, the company specializes in rechargeable lithium-ion cells and fast-charging solutions for electric vehicles.