Commercial vehicles firm Lion Electric to build its own batteries plant in Quebec
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Electric school buses are part of the Lion Electric portfolio. Photo: Lion
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Canadian commercial vehicle manufacturer Lion Electric is to build a CAD 185m (£107m) battery manufacturing plant and energy innovation centre in Quebec.
The company said the plant, expected to start operations in early 2023, will produce lithium-ion battery packs and modules and have a planned yearly production capacity of 5 GWh.
Construction work is projected to start "over the next few months” at a yet-to-be confirmed site, Lion said.
Lion founder and CEO, Marc Bédard, said "This factory will allow Lion to integrate a fundamental element to the supply chain of our electric vehicles. Thanks to the financing provided by the federal and provincial governments, we will now be able to manufacture in Canada what we previously imported.”
The company said the plant, expected to start operations in early 2023, will produce lithium-ion battery packs and modules and have a planned yearly production capacity of 5 GWh.
Construction work is projected to start "over the next few months” at a yet-to-be confirmed site, Lion said.
Canada’s federal government and the provincial government of Quebec will each contribute CAD 50m towards the cost of the project.
'Energy capacity R&D;'
Lion said its plant is expected to produce one battery module
every 11 seconds and a full battery pack every five minutes. The company will
be the first Canadian manufacturer of medium and heavy-duty vehicles to equip
itself with its own automated battery pack manufacturing capability, utilising
cutting-edge technology.
The innovation centre will focus on R&D; and look to "achieve
new advancements in performance, range, energy capacity and the development of
innovative products”.
Lion founder and CEO, Marc Bédard, said "This factory will allow Lion to integrate a fundamental element to the supply chain of our electric vehicles. Thanks to the financing provided by the federal and provincial governments, we will now be able to manufacture in Canada what we previously imported.”
Last November, Lion announced plans to merge with special purpose acquisition company Northern Genesis Acquisition Corp.
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