Good morning! Welcome back to Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news for car manufacturers, parts suppliers, car dealers, and others in the automotive industry.

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Start Date: 2025-03-16
End Date: 2025-03-22

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Electra Battery Materials Proposal Strengthens Critical Minerals Value Chain

The federal government welcomed Electra Battery Materials' proposal to transform its Temiskaming Shores facility into a cobalt sulfate refinery. This initiative aligns with Canada's Critical Minerals Strategy, aiming to support the automotive industry's battery material needs. The new facility is expected to enhance sectors such as EVs and defence manufacturing, reinforcing Canada’s position as a leader in the global battery industry.

Sources: Announcements: www.canada.ca

Government Invests $150 Million in Clean Technology Projects

Environment and Climate Change Canada announced investments from the Output-Based Pricing System Proceeds Fund, supporting 38 Decarbonization Incentive Program projects. These initiatives, located in four provinces, aim to replace oil and gas-fired boilers with efficient electric ones, produce cleaner fibreglass, and enhance galvanized steel durability. The investments are projected to reduce 544,100 tonnes of greenhouse gases by 2030, bolstering Canada's economic and environmental security.

Sources: Announcements: www.canada.ca

Siemens Canada to Establish New R&D Centre for Battery Technologies

Innovation, Science and Economic Development Canada announced a partnership with Siemens Canada to create a Global AI Manufacturing Technologies R&D Centre for Battery Production in Oakville, Ontario. This hub will focus on advancing battery efficiency and production methods, positioning Canada as a leader in the clean energy sector. The initiative aims to reinforce Canada's role in the global supply chain and enhance the country's green economy.

Sources: Announcements: www.canada.ca