Clean Energy Canada Canada's New Economic Engine- Report
"Scale up homegrown clean battery leaders
Canada is home to a host of innovative battery technology companies. From Quebec-based Lithion Recycling (which is finding new ways to recycle batteries) to B.C.-based Nano One (a company that reduces the environmental impact of mining and battery material production), Canadian innovation is the country’s secret EV sauce.
The next step is to leverage existing investments from multinational battery cell manufacturing companies, like LG Chem, to also
support domestic companies. Doing so will not only enhance the resilience of the battery supply chain but also secure more advanced manufacturing jobs, battery “know-how,” and intellectual property.
That means ensuring technology and skills transfer are part of foreign direct investment efforts while improving access to government funding for Canadian-based battery companies. In addition, clustering key industry businesses and research facilities into one hub can support the testing, demonstration, and commercialization of Canadian battery technologies."