![](https://cdn.mtdcnc.global/cnc/wp-content/uploads/2023/11/21165556/rhino-psr-power-supplies-5x7-1-550x393-1-640x360.jpg)
AutomationDirect expands their power supply offering with RHINO devices
AutomationDirect has just expanded its product offering with the addition of the new RHINO BASIC PSR…
A $644 million government grant will be used to build a battery materials production plant in Bécancour. A collaboration led by Ford Motor Company and South Korean firms EcoProBM and SK On will construct this facility. This project, worth more than $1.2 billion, will create over 345 jobs. The EcoPro CAM Canada factory will annually generate 45,000 tonnes of cathode active materials. The materials will be used to manufacture batteries for Ford’s future electric automobiles. The plant is expected to open for business in the first half of 2026.
“The arrival of Ford and the EcoPro CAM Canada consortium in the Vallée de la transition énergétique innovation zone is another major step forward in advancing the establishment of the battery sector,” said Pierre Fitzgibbon, Minister of Economy, Innovation, and Energy, Minister Responsible for Regional Economic Development, and Minister Responsible for the Metropolis and the Montréal Region. “We’re sending a clear message: with its natural resources and clean energy, Quebec is one of the most appealing places in the world for global leaders in this future industry.”The money is split as follows: the Government of Canada is making a $322 million conditional commitment through the Strategic Innovation Fund, and the Government of Quebec is providing a $322 million partially forgiven loan through Investissement Québec.
“I am very proud that Quebec is attracting large players of the calibre of Ford, EcoPro, and SK On,” stated Quebec Premier François Legault. “Following the GM-POSCO announcement in the spring, we are pleased to announce a new $1.2 billion investment in the Vallée de la transition énergétique innovation zone for the construction of a cathode active materials facility in Bécancour.” We are laying the groundwork for an industry that will position Quebec as a leader in both the North American and global green economies. The energy transition allows us to make our mark in the new economy and boost prosperity while reducing global GHG emissions.”
Be first to see all the updates from MTDCNC
Our newsletters frequency varies dependant on content
All the latest deals from the industry feature on our newsletters