Prime Minister Justin Trudeau says Ottawa has signed a contract with Umicore, a global materials technology and recycling group, to build a new battery facility in Royalist Township, Ontario.
Today at Queen’s University in Kingston, Ontario, the Prime Minister said the facility will supply materials to one million electric vehicles annually.
According to Trudeau, the new plant will create 1,000 jobs during construction and will establish a long-term position of hundreds when it goes live.
He states that government and industry investment is part of a “big bet” that Canada can become a major international player in the electric vehicle supply chain.
Vic Fedeli, Ontario’s Minister of Economic Development, said the $ 1.5 billion investment will build the first industrial-scale manufacturing plant of its kind in North America.
Federal Industry Minister François Philippe Champagne said the plant will close the gap in Canada’s electric vehicle system by strengthening an important part of the battery manufacturing process.