Canada’s lithium-ion battery supply chain dominance continues as Toronto-based NEO Battery Materials advances plans to build a commercial facility for silicon anode production. The company has signed a preliminary lease with an undisclosed Canadian municipality for 8 acres, aiming to construct a multi-building site with a 5,000-ton annual capacity to serve North America’s EV and electronics markets.
With Canada now ranking first in BloombergNEF’s global battery supply chain, NEO’s project supports the nation’s push for zero-emission vehicles. CEO Spencer Huh cites strong government backing, positioning NEO as a critical player in Canada’s sustainable battery ecosystem.
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