Innovation / Fleet

Volta Invests in its Granby Plant

volta-invests-in-its-granby-plant

Volta Energy Solutions Canada, a company specializing in battery materials for automotive applications, announced on December 15 that it had secured CAD $194 million in funding from the South Korean government to continue its development program, despite the challenges currently facing the battery industry. A subsidiary of South Korea–based Solus Advanced Materials, the company will use the funds to complete construction of its $750-million copper foil plant in Granby, located approximately 75 kilometres south of Montréal.

Copper foil is one of the key components in lithium-ion batteries, as it conducts electrical current and helps dissipate heat. Production at the facility is expected to begin in 2027, with an initial annual capacity of approximately 25,000 tonnes. Ultimately, the plant aims to reach an annual output of 63,000 tonnes—enough to supply batteries for nearly 2.5 million electric vehicles.

(Photo: Volta)

Author’s Posts

  • Hankook Tires Put to the Test

    Not long ago, representatives of South Korean manufacturer Hankook Tire were saying that the company would soon rank among the world's top five tire makers. At the time, Hankook was already in seve...

    May 29, 2026

  • The Sailun-Motomaster Partnership Continues

    A little over two years ago, Canadian Tire Corporation invited me to Canadian Tire Motorsport Park (CTMP) to introduce me to its new Motomaster Performance Edge performance tire. As we all know, Ca...

    May 29, 2026

  • Nokian's Incredible New Product

    Was it worth travelling all the way to Ivalo, in northern Finland, to discover a true innovation in the winter tire segment? Absolutely.

    ...

    May 29, 2026

  • Michelin Improves Its X-Ice Snow+!

    Notre-Dame-de-la-Merci, Quebec — It's already time to start thinking about next winter. That's why French tire manufacturer Michelin invited us to discover its most important upcoming new product...

    May 29, 2026

  • Ferrari of Quebec Unveils the New Amalfi Spider

    Taking advantage of the excitement surrounding the Canadian Grand Prix in Montreal, Italian automaker Ferrari chose this time of year to unveil its latest creation to the Canadian market, the stunn...

    May 27, 2026

Image

Business Directory

Image