In the race to build a North American hub to support the electric-vehicle industry and challenge China’s dominance, the tiny Quebec community of Becancour is charging ahead.
In the race to build a North American hub to support the electric-vehicle industry and challenge China’s dominance, one tiny Quebec community is charging ahead.
Ford Motor Co. is in talks with Korean battery firms to construct a US$700 million cathode factory here, while GM is partnering with South Korea’s Posco Chemical Co. Ltd. to erect a US$400 million plant to produce materials for the US automaker’s EV battery platform, starting in 2025. Becancour is an example of how industry is pushing to regionalize supply chains to meet an anticipated surge in demand for electric vehicles. The epic shift to EVs has sparked a global rush to lock in supplies of lithium, nickel, cobalt and other key ingredients to fill future demand.
Quebec invested in Canada’s only advanced lithium project when it took a stake in Nemaska Lithium Inc. after its 2019 collapse when prices of the silvery white metal plunged. Livent Corp., the world’s third-largest lithium producer, also invested. Still, Quebec has spent C$350 million in Becancour on infrastructure to link undeveloped industrial lands owned by the government. Work has already begun, with construction crews prepping a gravel roadbed for paving. Freshly dug trenches nearby hold stacks of concrete pipes.
Quebec and Becancour are pitted against the U.S. in attracting EV and battery investments. So far, the southern neighbor is winning. Ford said a year ago that it would invest $11.4 billion in Tennessee and Kentucky to build two EV hubs, the largest outlay in its history. GM set a company record with its US$6.5 billion investment in Michigan in January.
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