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Lost money and unplugged projects | The battery industry’s exit from the road

by Priya Shah – Business Editor

Quebec Battery Ambitions ​Stall as Projects Face Delays, funding Gaps

MONTREAL – A major push to establish Quebec as a North‍ American hub for battery production‌ is encountering headwinds, with projects ‌facing tenant shortages and billions‍ in promised government funding remaining undelivered as ‍of ​October ⁢17, 2025. The slowdown raises questions about the future ‍of Quebec’s electrification goals and the potential for other industries to capitalize on newly built infrastructure.

Three years after ⁣initial plans ​were unveiled, ​occupancy rates at industrial parks ⁢designed to house battery component manufacturers are lower than⁢ anticipated. Despite the setbacks,key figures like Mr. Cimon maintain the initial investment was worthwhile,⁤ predicting a future “restart” of transport electrification efforts. Should those efforts stall⁣ further, he⁤ suggests other ⁤industrial players​ could be drawn to the province’s⁢ “world-class infrastructure.”

The ⁤situation highlights a broader challenge within Quebec’s battery industry:​ significant financial commitments from both the provincial and federal‌ governments have yet to be fully realized. Investment Quebec data shows that approximately $2.6 billion in aid promised by the Quebec government for various battery projects remains undisbursed. Ottawa has committed $2.2 billion in support ‍to Quebec’s battery ecosystem, but that amount also remains incomplete.

These funding gaps come as the ⁣global battery market evolves rapidly, with ‍increased competition and shifting supply chains. The delays in⁣ Quebec could impact the province’s ability to attract⁣ further investment and achieve its ambitious goals for⁤ a green ⁢economy. The future of these projects,⁤ and the broader vision for Quebec’s battery industry, now ⁣hinges ⁣on securing full funding and attracting sufficient tenants to utilize the built⁤ infrastructure.

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