Canada’s Prime Minister of Canada, Justin Trudeau on Thursday joined by the Premier of Quebec, François Legault, to welcome a new electric vehicle battery manufacturing facility to be built by Northvolt Batteries North America in Quebec.
Trudeau in a statement stated that this plant will generate economic benefits equal to the value of the production incentives provided, within five to nine years, support tens of thousands of jobs across Canada and contribute up to $1.6 billion to GDP annually when it is at full capacity.
He said, this is powered by clean electricity, the batteries produced will be among the greenest batteries in the world. “Once fully operational, the plant will generate economic benefits equal to the value of the production incentives provided, within five to nine years”.
According to him, “All along the electric vehicle supply chain, from mining to processing critical minerals, through building batteries, Quebec is attracting historic investments from companies all around the world.
“These investments are growing the economy and creating well-paying middle-class jobs for today and for decades to come. This first phase will include adjacent facilities for cathode active material production and battery recycling.
“Occupying an area equivalent to 318 football fields, the Northvolt project will have an annual battery cell manufacturing capacity of up to 60 GWh, which is enough to power approximately one million electric vehicles per year.
“The first 30-GWh phase of the project, valued at $7 billion in total investment, will create up to 3,000 jobs in the region as the plant reaches its full production potential which will make only fully integrated facility of this type in Canada, and one of the only ones in the world”.
Trudeau noted that these types of investments in Canada’s electric vehicle supply chain are a historic vote of confidence in Quebec from global automakers.
“They continue to put Quebec, and Canada, at the forefront of electric vehicle manufacturing, as we work to build a strong, competitive economy, create good middle-class jobs now and into the future, and fight climate change”, Canada’s Prime Minister added.
