Ford, partners pick Canada for battery materials plant
OTTAWA, Aug 17 (Reuters) - A consortium of Ford Motor Co (F.N) and South Korean companies on Thursday said they would build a C$1.2 billion ($887 million)plant to produce electric vehicle (EVs) battery materials in Becancour, Quebec, a town seeking to become an EV-supply-chain hub, Canada's industry ministry said.
Ford in a separate statement described the materials as high-quality Nickel Cobalt Manganese (NCM) for rechargeable batteries that are targeting greater performance and improved EV range.
"This cathode facility will supply the material that goes into Ford's future EVs in North America, specifically some of our future trucks," Lisa Drake, Ford vice president for EVs, told reporters.
https://www.reuters.com/business/autos-transportation/ford-partners-pick-canada-900-mln-battery-materials-plant-2023-08-17/