Category: Economy

Electric batteries, a new investment in Ontario

TORONTO – Canada continues to focus on electric vehicles. Over the past four years, more than $46 billion has been invested by manufacturers of automobiles, electric vehicle batteries and battery components across the country, with billions more in the pipeline. The figure is already huge, but continues to rise: today, in fact, Prime Minister Justin Trudeau and the Premier of Ontario, Doug Ford, announced the investment of approximately 1.6 billion dollars by Asahi Kasei Corporation for build an electric vehicle battery separation plant in Port Colborne, Ontario.