Taiwanese firm halts plan to build $1B battery plant in B.C. with federal support | CBC News
Briefly

"The construction of the Canadian lithium-ion battery cell plant has been shelved as Taiwan Cement Corp. shifts focus towards its facilities in Taiwan amid a changing global market."
"Chairman Nelson Chang noted that it has become 'very difficult' to pursue new plants abroad before achieving efficiency at the Taiwanese facility, reflecting the challenges faced by battery manufacturers across North America."
"British Columbia's energy minister Adrian Dix expressed disappointment but acknowledged that adjustments in energy sectors are driven by global market conditions, highlighting the need for adaptability in investment strategies."
"The original plan included significant government funding aimed at bolstering battery manufacturing capabilities in Canada, making this delay a significant setback for local job creation initiatives."
Read at www.cbc.ca
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