2023-05-29 22:25:46
The investment of more than $150 million by the Government of Quebec to attract a GM-POSCO plant to Bécancour is part of the context of fierce competition between Canada and the United States to attract technology manufacturers clean.
• Read also: GM-POSCO plant in Bécancour: Quebec invests more than $150 million, 200 jobs created
US President Joe Biden’s inflation-fighting program is offering billions of dollars to attract businesses, which is pushing the provinces and Ottawa to also have to stretch out millions of dollars in subsidies to stay competitive.
The Trudeau government had also announced in April an investment of $700 million for the establishment of a battery plant for Volkswagen electric vehicles in St Thomas, Ontario.
Some 3,000 direct jobs and 30,000 indirect jobs will thus be created in this installation where production subsidies of 8 to 13 billion dollars over 10 years are planned by the federal government.
“We will be there and we have said it from the start that we will be competitive with the United States on this, selectively”, indicates the federal Minister of Innovation, Science and Industry, Francois-Philippe Champagne.
The government of Quebec would like, in turn, to welcome such a cellier project, where the last step is carried out before the assembly of the batteries, which represents the missing link for a 100% battery production chain in Quebec.
“Let’s be clear, I saw very well what happened in Ontario and we would like to have a cellier and be treated fairly,” said Premier François Legault.
The race for subsidies might, however, jeopardize a factory of batteries for electric vehicles of Stellantis in Windsor, Ontario, where more than 1 billion dollars are planned by the federal and the provincial in subsidies.
Work for its construction is currently on hold, because the company is demanding more money from both levels of government and is threatening to move its factory south of the border, to Michigan.
Watch the full explanation in the video above.
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