The feds better step in quickly and save this industry and jobs. They need to double or triple their investment in this project.
Quote:
After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it's delaying construction of the plant citing a slowdown in EV sales.
In a statement to CBC News, Umicore Rechargeable Battery Materials Inc. said Friday that its project in Loyalist Township is impacted by the "significant worsening of the EV market context and the impacts this has on the entire supply chain."
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https://www.cbc.ca/news/canada/ottaw...ario-1.7276431