Quebec, Ottawa pledge $300 million for GM electric car battery component plant

The $600-million factory, a joint project between automaker General Motors and South Korean industrial materials maker POSCO Future M, was first announced by the companies last year.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“We have an exceptional opportunity,” he told reporters in Becancour. “We have Hydro-Quebec, so we have clean energy. We have strategic minerals, like lithium.”Article content “It’s win-win for Quebec,” he said, adding the jobs will lead to higher tax revenue for the province. Federal Industry Minister Francois-Philippe Champagne told reporters Ottawa will provide a “contribution” of up to $147 million, but he did not specify the nature of the funding.

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Quebec, Ottawa pledge $300 million for GM electric car battery component plantQuebec and Ottawa deepened the EV funding pot announcing $300 million for a factory that will make components for EV batteries. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »

Quebec, Ottawa pledge $300 million for GM electric car battery component plantThe $600-million factory, a joint project between automaker General Motors and South Korean industrial materials maker POSCO Future M, was first announced by the companies last year.
Source: TorontoStar - 🏆 60. / 55 Read more »