Wyloo to Build Canadaâ€s First Battery Materials Processing Facility in Sudbury

Canada building EV supply chain momentum

Wylooâ€s announcement marks another development in Canadaâ€s growing EV supply chain momentum.

In April, Honda Motor (NYSE:HMC) announced a C$15 billion investment to establish an EV value chain in Ontario.

The company wants to construct an innovative and environmentally responsible EV plant and standalone EV battery plant that will feature a cathode active material and pCAM processing plant.

The project is expected to commence production in 2028, with an annual capacity of 240,000 vehicles. The accompanying EV battery plant will have a production capacity of 36 gigawatt hours per year.

Hondaâ€s investment aligns with Canada’s strategy to become a global leader in EV production. According to Wyloo’s Straub, the nation’s government has committed over C$40 billion to develop a complete EV supply chain, emphasizing local production and reducing reliance on foreign imports.

In addition to its Canadian venture, Wyloo is advancing plans for an integrated battery materials facility in Kwinana, Western Australia. This project, which was announced in April 2023 and is a partnership with IGO (ASX:IGO,OTC Pink:IPDGF), aims to integrate a downstream nickel refinery with a plant producing high-value pCAM.

According to the companies, the Kwinana facility will capitalize on Western Australiaâ€s substantial nickel reserves and existing lithium hydroxide production infrastructure.