The $600-million plant, first announced in March 2022, will produce cathode active materials and is the first of its kind in Canada. The federal government is investing up to $147 million through its Net Zero Accelerator initiative, Innovation Minister François-Philippe Champagne said. The Quebec government will provide $152 million to the project, $134 million of which is forgivable if jobs are created and maintained for 10 years. (The Logic)

Talking point: Quebec Premier François Legault also announced that Bécancour would be the province’s third “innovation zone”—after Sherbrooke, Que. and Bromont, Que.—which will focus on battery and hydrogen technology. The announcement took place in Bécancour, which is about 175 km northeast of Montreal and home to a burgeoning battery production hub. The assembled dignitaries and politicians, which included Champagne and South Korean ambassador Lim Woongsoon, took turns speaking between a GMC Hummer and a Cadillac Lyriq, two vehicles which will roll on made-in-Quebec battery material. “I like Doug Ford, but you made a good choice,” Legault said to GM Canada president Marissa West.

Correction: This briefing has been updated to reflect that the federal government announced it will contribute up to $147 million to the facility.