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$900 Million For VE Battery Components Factory In Quebec

Ford is planning to build a $900 million el cathode d production plant in Bécancour, Quebec, in partnership with South Korean companies EcoProBM and SK On. This plant will produce battery materials used in future Ford electric vehicles, including some pickup trucks. The plant is expected to begin production in the first half of 2026, with a potential capacity of 45,000 tons of active cathode materials (CAM) per year.

This is Ford's first investment in Quebec and is part of the company's strategy to locate battery raw material processing in regions where it produces electric vehicles. The plant will create about 345 new jobs and will be operated by a joint venture called EcoPro CAM Canada LP, which specializes in high-quality nickel cobalt manganese (NCM) materials for rechargeable batteries. This investment follows General Motors' recent announcement of plans to build a similar plant in Bécancour, and the similar ones on Stellantis and Volkswagen investments in Ontario that underscore the growing strategic importance of the two provincial jurisdictions in the supply chain in the automotive and electric vehicle industry in North America.