Saint-Basile-le-Grand

Honda to build Canada's first comprehensive electric vehicle supply chain, creating thousands of new jobs in Ontario

Retrieved on: 
Thursday, April 25, 2024
Asahi Kasei, Ecosystem, EVS, Saint-Basile-le-Grand, Investment, Transport, Government, Umicore, Partnership, Research, Tata Daewoo, Carbon, Plant, Federation, General Motors, LG Energy Solution, Volkswagen, Fire blanket, Ford, Workforce, Honda Canada, Ford Motor Company, Economic development, Supply chain, Government of Ontario, Automotive industry

In the last four years, automotive and battery makers have announced more than $31 billion in investments in electric vehicle manufacturing across Canada.

Key Points: 
  • In the last four years, automotive and battery makers have announced more than $31 billion in investments in electric vehicle manufacturing across Canada.
  • The Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, today welcomed Honda Canada's milestone investment of approximately $15 billion to create Canada's first comprehensive electric vehicle supply chain, located in Ontario.
  • Honda will build an innovative and world-class electric vehicle assembly plant – the first of its kind for Honda Motor Co., Ltd. – as well as a new stand-alone battery manufacturing plant at Honda's facilities in Alliston, Ontario.
  • Canada's auto sector has been an engine of economic growth, driving innovation and creating good middle-class jobs.

CDPQ invests in Northvolt

Retrieved on: 
Thursday, November 16, 2023
CDPQ, Head, Recycling, Saint-Basile-le-Grand, R, Growth, Cell, Economic development, Renewable energy, Northvolt

MONTRÉAL, Nov. 16, 2023 /CNW/ - CDPQ announces that it is investing around CAD 200 million (USD 150 million) in Northvolt AB, a leading integrated battery platform focused on the R&D, manufacturing and recycling of sustainable battery cells and systems.

Key Points: 
  • MONTRÉAL, Nov. 16, 2023 /CNW/ - CDPQ announces that it is investing around CAD 200 million (USD 150 million) in Northvolt AB, a leading integrated battery platform focused on the R&D, manufacturing and recycling of sustainable battery cells and systems.
  • "CDPQ has been involved in the process for several months, actively contributing in establishing our future plant in Québec.
  • We are delighted to partner with such a major, long-term institutional investor that is committed to Québec's economic and energy development," added Paolo Cerruti, Co-Founder of Northvolt and CEO of Northvolt North America.
  • "Northvolt continues to integrate into the economic and social fabric of Québec, and the CDPQ's investment in Northvolt is further evidence of this."