A worker installs an installation plate into a battery pack at Lion Electric Company’s lithium-ion battery manufacturing facility in Mirabel, Que., on Sept. 14, 2023.Christinne Muschi/The Canadian Press
Canada dethroned China last year as the world’s most promising jurisdiction for manufacturing lithium-ion batteries such as those used in electric vehicles, according to a global ranking released Monday.
While Canada produces barely any batteries today, BloombergNEF, a research organization focused on low-carbon technologies and commodity markets, singled it out as the best placed of the 30 countries it monitors to participate in future global battery supply chains. The strength of its raw materials sector, recently announced large cell manufacturing plants, and rising domestic demand for batteries all helped push Canada ahead.
“That doesn’t mean that Canada is better overall than China: What we’re…
