Ford, partners pick Canada for $900 million battery materials plant

📆 8/17/2023 7:29 PM
📰 YahooFinanceCA

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OTTAWA (Reuters) -A consortium of Ford Motor Co 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. The consortium includes South Korean partners EcoProBM and SK On Co Ltd, according a statement from the ministry. The factory will eventually produce 45,000 tonnes of cathode active materials (CAM) per year for Ford EVs.

Energy and base metal stocks help lift S&P/TSX composite, U.S. stock markets down

TORONTO — Strength in energy and base metal stocks helped lift Canada's main stock index in late-morning trading, while U.S. stock markets edged lower. The S&P/TSX composite index was up 19.97 points at 19,919.04. In New York, the Dow Jones industrial average was down 3.85 points at 34,761.89. The S&P 500 index was down 2.69 points at 4,401.64, while the Nasdaq composite was down 58.45 points at 13,416.18. The Canadian dollar traded for 73.99 cents US compared with 73.

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Ford and partners pick Canada for $900 million battery materials plantBy Steve Scherer OTTAWA (Reuters) - A consortium of Ford Motor Co and South Korean companies on Thursday said they would build a C$1.2 billion ($887 ...
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