Federal and provincial officials broke ground in Loyalist Township Monday on a multi-billion-dollar plant they say will produce components for electric vehicle batteries and bring hundreds of jobs to the region. The project from Umicore Rechargeable Battery Materials Inc. carries a total price tag of up to $2.76 billion. Based on its full scope, the Canadian government is investing up to $551.3 million, while the province will pay up to $424.6 million, according to a news release from Innovation, Science and Economic Development Canada. The Umicore CEO said he’s “delighted” with the financial backing from different levels of government. “Their readiness to co-fund our investment coupled wi
Hence then, the article about new eastern ontario plant to add hundreds of jobs create battery components cbc news was published today ( ) and is available oncanadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( New eastern Ontario plant to add hundreds of jobs, create battery components | CBC News )