SK On, Ford, EcoPro to build cathode plant in Canada just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.
Ford is partnering with South Korean battery manufacturers SK On and EcoPro BM to build a cathode manufacturing facility in Quebec, Canada. The CAD $1.2 billion (USD $890 million) joint investment will provide battery materials to supply future Ford electric vehicles. The onshoring of battery factories in the U.S. has boomed since the passage of the Inflation Reduction Act in August 2022, which offers a range of tax credits for the production of clean energy.
Ford aims to secure battery material supply with new Canada facility yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.