E-One Moli invests more than $1 billion to expand battery R&D and manufacturing facility in British Columbia
The E-One Moli facility is expected to become the largest factory in Canada for high-performance lithium-ion battery cells to be used in green mobility. Once complete, the plant will produce the latest high-performance lithium-ion battery cells for consumer electronics, medical devices, high-performance vehicles, and aerospace applications.
This milestone investment will advance Canada’s position as a global leader in sustainable production of critical minerals. It will create up to 350 new jobs and secure over 100 existing positions in battery manufacturing and will support the goal of decreasing carbon emissions. The expansion will see a new facility adjacent to the current site, and re-shoring of E-One Moli’s manufacturing activities.
CANADA’S THRIVING BATTERY MANUFACURTING INDUSTRY
E-One Moli chose Canada for their leading-edge lithium-ion R&D and manufacturing facility. This decision follows a series of recent foreign direct investment (FDI) announcements in the battery manufacturing supply chain, including:
Northvolt: September 2023 – Cathode active materials (CAM) manufacturing facility, electric vehicle battery cell manufacturing hub and recycling operation, Saint-Basile-le-Grand and McMasterville, Québec
EcoProBM, SK On and Ford: August 2023 — Installation of cathode active materials production, Bécancour, Québec
Volkswagen (PowerCo SE): April 2023 — Electric vehicle battery manufacturing, St. Thomas, Ontario
Ford: April 2023 — Transformation of Oakville’s Assembly Complex into a Canadian electric manufacturing hub, Oakville, Ontario
Umicore: July 2022 — Installation of an electric vehicle battery manufacturing facility, Loyalist, Ontario
General Motors (GM) Canada: December 2022 — Canada’s first large-scale electric vehicle plant opens its doors to produce Brightdrop electric vans, Ingersoll, Ontario
General Motors and POSCO Future M: March 2022 — Installation of cathode active materials production, Bécancour, Québec
This impressive track record of investments in battery manufacturing underscore Canada’s global leadership in the industry, and in the electrification of consumer products. World-leading companies are choosing Canada to develop their battery supply chains thanks to Canada’s extensive mining expertise, availability of ethically-sourced critical minerals, and the country’s highly skilled workforce.
INVEST IN CANADA: SUPPORTING THE GREEN TRANSITION
E-One Moli’s recent re-investment was supported by the important work of Invest in Canada, including local partner introductions, governmental process counsel and stakeholder engagement. Key partners were also instrumental in supporting E-One Moli’s decision. They include Innovation, Science and Economic Development Canada (ISED), the Canadian Trade Office in Taipei, Taiwan, The Government of British Columbia, the City of Maple Ridge, the City of Surrey, Invest Vancouver and federal partners.
Invest in Canada has supported E-One Moli’s interest in Canada since 2019, a collaboration that continues to advance our national battery ecosystem and our capacity for new green energy growth.The resulting projects contribute to a cleaner, more sustainable future for Canadians, a strengthened national economy, and skilled job creation.
Canada’s commitment to reducing carbon emissions, rich natural resources and world-class talent remain highly attractive to foreign investors.
Invest in Canada continues to work diligently to profile Canada’s battery manufacturing and green energy value propositions, with the goal of securing impactful investment in our communities for a more prosperous, sustainable future for Canadians from coast, to coast, to coast.