Federal and provincial officials broke ground in Loyalist Township Monday on a multi-billion-dollar plant they say will produce components for electric vehicle batteries and bring hundreds of jobs to the region.
"Their readiness to co-fund our investment coupled with the announcement of our first customer contract for the Loyalist plant mean we can forge ahead with the construction," read a quote from Mathias Miedreich in the release. Umicore CEO Mathias Miedreich speaks in Bath, Ont., as part of a funding announcement for electric vehicles batteries. Ford described the project as further evidence of the province putting the "auto sector back on the map," while creating jobs and ensuring "cars of the future" will be made in Ontario.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New eastern Ontario plant to add hundreds of jobs, create battery componentsFederal and provincial officials broke ground in Loyalist Township Monday on a multi-billion-dollar plant they say will produce components for electric...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Canada, Ontario governments put nearly $1B toward EV battery parts plantKINGSTON, Ont. — The federal and Ontario governments are announcing today that they are putting nearly $1 billion combined into an electric vehicle battery component plant in eastern Ontario. The up to $2.
Source: SooToday - 🏆 8. / 85 Read more »
Canada, Ontario governments put nearly $1B toward EV battery parts plantKINGSTON, Ont. — The federal and Ontario governments are announcing today that they are putting nearly $1 billion combined into an electric vehicle battery component plant in eastern Ontario. The up to $2.
Source: sudburydotcom - 🏆 6. / 89 Read more »
Canada, Ontario governments put nearly $1B toward EV battery parts plantThe federal and Ontario governments are announcing today that they are putting nearly $1 billion combined into an electric vehicle battery component plant in eastern Ontario.
Source: GlobalCalgary - 🏆 50. / 61 Read more »