Asahi Kasei to build a battery component plant in Port Colborne, Ontario

2024 May 14

Canada bet big on electric vehicles, and today, the biggest manufacturers in the world are building them right here in Canada. Asahi Kasei’s investment is another vote of confidence in our auto industry and auto workers. We’re creating good-paying jobs, keeping the air clean, and putting Canada at the forefront of this exciting opportunity

The Rt. Hon. Justin Trudeau, Prime Minister of Canada

Canada is a global leader in the electric vehicle (EV) market. As demand for EVs continues to grow, we want more of these vehicles to be assembled right here in Canada. In the last four years, more than $46 billion has been invested by auto, EV battery, and battery component manufacturers across the country, with billions more in the pipeline. These global companies want a reliable partner with world-class talent, and this is exactly what we have to offer.

Today, the Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, are welcoming Asahi Kasei Corporation’s investment of approximately $1.6 billion to build an EV battery separator plant in Port Colborne, Ontario. As medium- to long-term growth is forecasted in the North American EV market, the company expects to make additional multi-billion-dollar investments through multiple phases. Details regarding direct jobs created by this investment are currently being finalized and will be announced at a later date. 

Asahi Kasei’s decision to build this new facility in Port Colborne is a testament to Canada and Ontario’s competitive business environment, highly skilled workforce, and dependable supply chains. The project is expected to benefit from federal support through the Clean Technology Manufacturing investment tax credit. Ontario expects to support this project with both direct and indirect incentives.

Our auto sector has long been an engine of economic growth, driving innovation and creating good-paying jobs for Canadians. As demand for EVs continues to grow, we are well positioned to attract further investment, solidifying our leadership in auto, EV battery, and battery material industries, and creating economic growth and opportunities now and for generations to come.