South Korean firm opening copper foil plant in Quebec for use in electric vehicles
Posted September 5, 2023 3:42 pm.
Last Updated September 5, 2023 4:51 pm.
GRANBY, Que. — A new player is entering the Quebec supply chain for electric vehicle batteries.
Volta Energy Solutions, a subsidiary of South Korea’s Solus Advanced Materials, will produce copper foil for batteries in Granby, Que., southeast of Montreal.
The Quebec government is giving the company a $150-million loan, part of which is forgivable, for the $750-million project that is expected to create 260 jobs.
The plant is to produce 25,000 tons of copper sheets per year starting 2026.
Quebec Premier Francois Legault, second right, arrives flanked by Dejae Chin, left, chairman of Volta Energy Solutions, and François-Philippe Champagne, right, minister of Innovation, Science and Industry Canada, to launch the first copper foil plant in Granby, Que., Tuesday, Sept. 5, 2023. THE CANADIAN PRESS/Christinne Muschi
Quebec Premier Francois Legault, left, speaks with Dejae Chin, chairman of Volta Energy Solutions as Minister of Innovation, Science and Industry Francois-Philippe Champagne looks on, during the launch of the first copper foil plant in Granby, Que., Tuesday, Sept. 5, 2023. THE CANADIAN PRESS/Christinne Muschi
Quebec Premier Francois Legault, speaks as Volta Energy Solutions, launches the first copper foil plant in Granby, Que., Tuesday, Sept. 5, 2023. THE CANADIAN PRESS/Christinne Muschi
Quebec Premier Francois Legault, second right, speaks to the media with Dejae Chin, right, chairman of Volta Energy Solutions, Pierre Fitzgibbon, far left, minister of Economy, Innovation and Energy, and François-Philippe Champagne, minister of Innovation, Science and Industry Canada, following a launch of the first copper foil plant in Granby, Que., Tuesday, Sept. 5, 2023. THE CANADIAN PRESS/Christinne Muschi
A sample roll of copper foil is on display as Volta Energy Solutions launches its first copper foil plant in Granby, Que., Tuesday, Sept. 5, 2023. THE CANADIAN PRESS/Christinne Muschi
Quebec Premier François Legault made the announcement today in Granby, saying the project confirms that the province is attracting global leaders in the battery and electric transportation industry.
Last month, Ford Motor Company announced a $1.2-billion manufacturing plant in Quebec for components of electric car batteries.
This report by The Canadian Press was first published Sept. 5, 2023.
