pUmicore broke ground Oct. 16 on Canada’s latest a href="http://canada.autonews.com/topic/batteries" target="_blank" class=" inline-paragraph-link"battery materials/a plant in Kingston, Ont., locking in upsized plans for a site that will produce cathode active material for electric vehicle batteries.
Umicore broke ground Oct. 16 on Canada’s latest battery materials plant in Kingston, Ont., locking in upsized plans for a site that will produce cathode active material for electric vehicle batteries.
At the time, Umicore estimated it would spend $1.5 billion on the plant, but the company said Monday that its investment in Eastern Ontario will total at least $2.1 billion. A second-stage expansion at the industrial site could eventually bring the cost to $2.76 billion. “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,” he said in a release.In its first phase, the plant will have capacity to produce 35 GWh of cathode active material annually. It will also produce precursor material, or PCAM, an intermediary blend of lithium, nickel, manganese and cobalt ready to be converted into CAM.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
Canada to give Belgium's Umicore up to C$1 billion for new battery components plantExplore stories from Atlantic Canada.
Lire la suite »
Canada to give Belgium's Umicore up to C$1 billion for new battery components plantExplore stories from Atlantic Canada.
Lire la suite »