#Canada, #Quebec to provide about C$300 mln for #GM-#POSCO battery materials facility

Posted on May 30, 2023 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

OTTAWA, May 29 (Reuters) – Canada’s federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical battery materials facility that is expected create about 200 jobs in the country, the Canadian industry ministry said on Monday.

The U.S. carmaker and South Korea’s POSCO outlined their plan last year to build the facility in Becancour, Quebec, to produce cathode active material (CAM) for electric vehicle (EV) batteries.