Ford Motor (NYSE:F), along with South Korean battery makers EcoPro BM and SK On, will invest more than C$1.2B (~$886M) to build a battery materials production plant in Quebec, Canada.
The project, which will be built in the city of Bécancour, will receive government funding of C$644M and create over 345 jobs. The Canadian government will provide a conditional contribution of C$322M, while the Quebec government will provide a partially forgivable loan of C$322M, according to a statement from Canada’s industry ministry.
The facility will have the capacity to produce up to 45K tons of cathode active materials per year for Ford’s (F) future electric vehicles. Production is expected to begin in H1 2026.
This will be Ford’s (F) first ever investment in Quebec and is part of its plan to localize battery raw material processing in regions where it produces EVs.
EcoProBM established EcoPro CAM Canada in February, and SK On and Ford (F) will become investors in the joint venture. EcoProBM will oversee the facility’s day-to-day operations.
EcoPro CAM Canada will manufacture cathode active materials and high quality Nickel Cobalt Manganese (NCM) for rechargeable batteries aiming for greater performance levels and improved EV range.
SK On has been actively developing its battery supply chain in North America as part of its efforts to secure a stable supply of materials in the region.
“Ford (F) has been serving customers in Canada for 119 years, longer than any other automaker, and we’re investing in this new facility to create a vertically integrated, closed-loop battery manufacturing supply chain in North America,” said Ford Canada CEO Bev Goodman.