Granby, Quebec
The global economy is undergoing profound transformation, with shifting trade relationships and evolving supply chains placing increasing pressure on Canada's economy. Canada's automotive industry is on the frontline of this shift, with more than 90% of Canadian-made vehicles and 60% of Canadian-made auto parts currently exported to the U.S. As the world moves towards electrification, Canada is positioning itself as a global leader by investing strategically in our electric vehicle (EV) manufacturing capacity and critical mineral battery supply chains across the country.
That is why, today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, announced up to $70 million in funding from the Strategic Response Fund to support Volta Energy Solutions Canada Inc. (VESC) in establishing a copper foil facility in Granby.
The Government of Canada's investment in VESC's $760.9 million project will enable the company to upgrade and expand an acquired facility to produce copper foil for battery cells used in EVs and energy storage systems (ESS). This investment will support the creation of 260 new jobs, and the facility will be transformative for Canada's domestic EV supply chain, with an anticipated production capacity of 25,000 tonnes of copper foil per year starting in 2027 and plans to scale up to a total of 63,000 tonnes.
Canada is an auto nation-today, tomorrow and into the future-so the government is making strategic investments to protect jobs and strengthen the auto sector across the country. The government is delivering through its automotive strategy by making strategic decisions and generational investments that will reinforce a strong Canadian auto sector, where Canadian workers build the cars of the future.
