Electric Mobility Canada responds to GM/POSCO Chemical announcement: Great news for Canada’s VZE supply chain

Recently General Motors Co. and POSCO Chemical held a press conference to announce plans to open a cathode active materials plant in Bécancour, Quebec.

Combined with BASF’s announcement last week, this $500 million initiative will help make Canada a world leader in electric vehicle (EV) manufacturing. “This is great news for Canada; not only will this partnership between GM and POSCO Chemical secure the future supply of manufacturers, but it will also provide many jobs for Canadians and stimulate the automotive sector,” said Daniel Breton, President and CEO of Electric Mobility Canada.

The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, Pierre Fitzgibbon, Quebec’s Minister of Economy and Innovation and Minister responsible for Regional Economic Development, and Jonatan Julien, Quebec’s Minister of Energy and Natural Resources, delivered remarks at today’s announcement. “I want to congratulate the Government of Canada and the Government of Quebec for their hard work in making today’s announcement a reality. In doing so, they are showing Canadians how important it is for our country to move forward with electromobility,” said Breton.

Good news like this reinforces Electric Mobility Canada’s (EMC) EV 2030 Action Plan. The EV 2030 Action Plan is an industry-led initiative of EMC to ensure Canada’s successful transition to electric mobility. The plan is composed of six key pillars with a total of 32 policy recommendations. Commitments such as those made today support the plan under Pillar 5: Jobs and EV Manufacturing Capacity in Canada, and Pillar 6: Federal Leadership. To learn more about the EV 2030 Action Plan, visit the website.