Taiwan battery maker to build $800m plant in Canada

E-One Moli Energy's factory to churn out 135 million ternary lithium cells per year

20231115N Taiwan Cement

Taiwan Cement Chairman Nelson Chang, center, and Canadian Prime Minister Justin Trudeau, right, at an event to mark a new battery factory. (Photo courtesy of Taiwan Cement)

HIDEAKI RYUGEN, Nikkei staff writer

TAIPEI -- Taiwanese battery maker E-One Moli Energy will invest 25.5 billion New Taiwan dollars ($796 million) to build a plant in western Canada that makes lithium cells, the company announced here Wednesday.

The Canadian government will contribute NT$4.8 billion through a fund toward the construction of the plant, which will produce ternary-type lithium battery cells that are expected to be used in electrified vehicles.

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