Reuters first reported in May of last year that Canada’s government was in early talks with BASF about it tapping a federal clean tech fund to set up production here.
Canada’s Industry Minister Francois-Philippe Champagne, in a telephone interview, confirmed the government planned on supporting BASF’s “substantial” investment, without providing details.
“I see BASF as being the first pillar of the battery ecosystem in Canada,” Champagne said. “It’s certainly a substantial investment, both for the company and for us… as the federal government.”
BASF last September predicted its battery materials revenue would reach more than 1.5 billion euros ($1.64 billion) by 2023 and more than 7 billion euros by 2030 as electric vehicle production surges.
BASF, in partnership with Japan’s Toda Kogyo Corp, already produces CAM at two locations in North America – Ohio and Michigan – including nickel cobalt aluminum oxide…
