Taiwan Cement Corp. cancels $1 billion battery plant in Canada, prioritizing expansion in Taiwan.

Taiwan Cement Corp. has halted plans for a $1 billion lithium-ion battery plant in Maple Ridge, British Columbia, citing a focus on expanding production in Taiwan. The project, initially backed by Prime Minister Justin Trudeau and Premier David Eby with $284.5 million in government funding, was expected to create 350 new jobs. Other battery makers in North America have similarly paused similar projects.

4 months ago
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