Bécancour, Quebec
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, François Legault, Premier of Quebec, and Pierre Fitzgibbon, Quebec Minister of Economy, Innovation and Energy, announced funding of $644 million for the construction of a new battery materials production plant in Bécancour. This facility will be built by a consortium formed by the Ford Motor Company and South Korea's EcoProBM and SK On. Valued at more than $1.2 billion, this project will create more than 345 jobs.
The EcoPro CAM Canada facility will produce an average of 45,000 tonnes of cathode active materials annually. The materials will supply batteries for Ford's future electric vehicles. The facility is expected to begin its operations in the first half of 2026.
The funding breakdown is as follows: the Government of Canada is providing a conditional contribution of $322 million through the Strategic Innovation Fund, and the Government of Quebec is providing a partially forgivable loan of $322 million through Investissement Québec.
