Becancour is drawing corporate giants to the French-speaking Canadian province with its ambitions to make this industrial outpost, halfway between Montreal and Quebec City, a key gear for an EV battery supply chain to serve the continent.

The Indonesia Battery Corporation plans to produce 50,000 battery packs for two-wheelers next year.

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

Nouveau Monde intends to use the funds to update the July 2022 feasibility study for its phase 2 commercial integrated operation.

Syrah plans to expand its Louisiana graphite anode plant fourfold after being selected for a $219.8 million grant.

NMG will use the proceeds of the investment to support the finalization of the design, operation, marketing and corporate parameters of the Phase 2 commercial integrated operations.

The miner said its unit has been selected for a grant of up to $220 million by the US Department of Energy.