So far, the company hasn’t shared where it plans to build this facility
A company called Mangrove Lithium has unveiled plans to build a giant lithium refining facility that will refine enough material to create 500,000 electric vehicles every year.
This is in addition to the smaller site the company is building in Delta, B.C., which will be able to make 25,000 EVs. There’s still no word on whether Mangrove plans to build the second site in Delta as well or if it wants to make it somewhere else.
The company has signed several deals with leading battery companies in the U.S. that will ensure that when the refinement factory is up and running, it will be able to sell the materials it creates.
While this project is still years away, it is a step in the right direction towards building up the North American battery supply chain. If the company builds this factory in Canada, it might also be helpful as a bargaining chip in the ongoing trade war. For instance, in March of this year, Ontario threatened to withhold nickel from the U.S. for trade leverage.
That said, the Canadian EV battery pipeline isn’t moving as fast as it once was. A report from Electric Autonomy Canada in late 2024 mentions that growth has stalled as some projects hit pause. Since around 2020, the Canadian federal government pledged $30 billion in funding, while provincial governments pledged $20 billion; ideally, more projects will start to finish building soon.
The report mentions that three large-scale battery plants planned for Canada have been either paused or cancelled in the last four years. A fourth plant is still on the way, although the company behind it, Northvolt, has filed for bankruptcy. However, it still plans to build its battery factory in McMasterville, Que.
Image Source: Shutterstock
Source: Mangrove Lithium, Electric Autonomy CanadaÂ
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