TTC Group Chair Nelson Chang announced at a third quarter investor conference that the company plans to halt E-One Moli’s $1 billion plant in Maple Ridge, B.C., which would have made its Molicel lithium-ion battery products. Instead, parent company TCC will focus on its flagship plant in Taiwan, scaling back overseas investments. (CBC, The Logic)

Talking point: Chang’s statement said its decision to put its Canadian battery-plant plans on hold was based on “suspension of similar projects by all companies planning supercell factories in North America.” Moli is often cited as an example of Canada’s past failures to nurture homegrown battery startups, after the B.C. government facilitated its sale to Asian rivals in 1990. Innovation Minister François-Philippe Champagne said on Wednesday that while he hadn’t spoken with the TCC CEO, companies’ “slight readjustments” would not deter Canada’s electric-vehicle aspirations. Ottawa is expected to make a decision soon about slapping tariffs on the Chinese battery supply chain.