After the agreement with Honda, which invested 15 billion Canadian dollars (1 trillion rubles) in a project to produce electric vehicles in Canada, total investments in this industry exceeded 46 billion Canadian dollars (3.1 trillion rubles). rubles), writes The Financial Post.
The newspaper lists the largest investments in electric vehicles in Canada.
Thus, in March 2022, Stellantis NV and LG Energy Solution announced their intentions to invest more than 5 billion Canadian dollars (335 billion rubles) in the construction of a lithium-ion battery plant in Windsor, Ontario. Canada’s federal and provincial governments have committed to providing up to 15 billion Canadian dollars (1 trillion rubles) in stimulus payments.
Volkswagen is investing 7 billion Canadian dollars (470 billion rubles) in a battery plant to be built in St. Thomas, Ontario, which will produce batteries for one million cars a year. The Canadian federal government is providing 2.8 billion Canadian dollars (190 billion rubles) in tax breaks, and the Ontario government will contribute 16.3 billion Canadian dollars (1.1 trillion rubles).
Swedish company Northvolt AB plans to build another battery production plant near Montreal. The project is estimated to cost 7 billion Canadian dollars (470 billion rubles), with Canada contributing 1.34 billion Canadian dollars (90 billion rubles) for the construction and production phase and another 2.9 billion Canadian dollars (195 billion rubles). rubles) as commitments to guarantee transactions.
Finally, Ford Motor Company, together with South Korean companies EcoProBM and SK On, announced a project to recycle battery raw materials in Quebec. The project is estimated at 1.2 billion Canadian dollars (80.5 billion rubles), Canada’s total contribution will be 644 million Canadian dollars (43.5 billion rubles).
Another 1.8 billion Canadian dollars (120 billion rubles) will be invested in the reuse of the Ford plant in Oakville, Ontario. Starting in 2027, it should begin assembling electric vehicles.
Source: Rossa Primavera
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