A $1-billion lithium-ion battery cell production plant that was planned for Maple Ridge, B.C., has been shelved. The parent company, Taiwan Cement Corp., announced construction of the Canadian plant with much fanfare last year, with Prime Minister Justin Trudeau and Premier David Eby attending and promising a combined $284.5 million in government funding. Taiwan Cement Corp. company chairman Nelson Chang is quoted in a release saying construction has stopped in order to focus on Taiwanese production, in step with other battery makers suspending similar projects across North America.
https://www.bnnbloomberg.ca/business/company-news/2024/12/05/taiwan-firm-halts-plan-for-1b-battery-plant-in-bc-that-had-federal-support/
A $1-billion lithium-ion battery cell production plant that was planned for Maple Ridge, B.C., has been shelved. The parent company, Taiwan Cement Corp., announced construction of the Canadian plant with much fanfare last year, with Prime Minister Justin Trudeau and Premier David Eby attending and promising a combined $284.5 million in government funding. Taiwan Cement Corp. company chairman Nelson Chang is quoted in a release saying construction has stopped in order to focus on Taiwanese production, in step with other battery makers suspending similar projects across North America. https://www.bnnbloomberg.ca/business/company-news/2024/12/05/taiwan-firm-halts-plan-for-1b-battery-plant-in-bc-that-had-federal-support/
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Taiwan firm halts plan for $1B battery plant in B.C. that had federal support
A $1-billion lithium-ion battery cell production plant that was planned for Maple Ridge, B.C., has been shelved.
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