Montreal, Quebec – Lion Electric announced the construction of a battery manufacturing plant and innovation center in Quebec.
Prime Minister Justin Trudeau announced the construction of the facility with Marc Bédard, the CEO and founder of Lion Electric.
“With today’s announcement, we are continuing to take steps to support our Canadian businesses, invest in innovation, and protect the environment,” said Justin Trudeau.
“It is because of companies like Lion Electric that we are accelerating our transition to a resilient and competitive clean growth economy.”
The construction will start over the next few months at a location that will be determined in the near future and the factory is planned to begin production in late 2023. They will be producing battery packs and modules made from lithium-ion cells.
The project will cost approximately $185 million CAD by Lion Electric, which will benefit from $100 million CAD support from the federal and provincial governments.
“Lion is an important player in Quebec and Canada’s ecosystem of electrification of transportation. This factory will allow Lion to integrate a fundamental element to the supply chain of our electric vehicles,” said Marc Bédard.
“Thanks to the financing provided by the federal and provincial governments, we will now be able to manufacture in Canada what we previously imported. Lion, Quebec and Canada will gain from this, both on the economic and environmental fronts, to the great benefit of generations to come.”
Lion Electric plans to power approximately 14,000 medium and heavy-duty vehicles annually. The factory plans to produce one battery module every 11 seconds and a full battery pack every five minutes.
The innovation center will focus on research and development on improving the capacity, performance and range of the batteries as well as other products.