The DoD said Nano One will use the funding to increase production at its facilities in Candiac, Que., and Burnaby, B.C.. (The Logic)
The DoD said Nano One will use the funding to increase production at its facilities in Candiac, Que., and Burnaby, B.C.. (The Logic)
The DoD said Nano One will use the funding to increase production at its facilities in Candiac, Que., and Burnaby, B.C.. (The Logic)
Talking point: The U.S. said it is tapping into Canada’s battery supply chain as part of a defence strategy to support key supply chains. Nano One makes battery materials that use a mixture of lithium, iron and phosphate—an increasingly popular technology that has helped Chinese automakers make cheaper electric vehicles. The U.S. has been looking to build up alternative suppliers closer to home after implementing tariffs on Chinese-made EV batteries. Canada is consulting on similar tariffs. Defense Department official Laura Taylor-Kale said in a release the investment is a move to shore up supplies of “safer, lower-cost and longer-lasting” batteries.
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