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Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s):  ELBM

Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.


TSXV:ELBM - Post by User

Post by Marshallon Oct 20, 2020 8:34am
243 Views
Post# 31747016

The Trend Has Started

The Trend Has Started

On October 8th the Federal Government of Canada and the Province of Ontario provided a total investment commitment of $590 million CDN into the $1.8-billion CDN retooling of Ford Motor's Oakville Ontario assembly plant making it the hub of EV production in Canada. This investment and retooling will make Ford Motor's Canadian production facility the largest electric vehicle assembly plant in North America. This project will build five new electric vehicle models and the batteries that will power these vehicles.

Fiat Chrysler followed up a week later announcing a $1.5-billion investment in their Windsor assembly plant. The investment would outfit the factory with the state-of-the-art equipment that will enable the assembly of plug-in hybrids and battery-powered vehicles with at least one new model in 2025. The plant will add up to 2,000 jobs to the Windsor plant.
To produce these vehicles specialized raw materials will be required.

 

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