The Province of Québec is rich in minerals needed for batteries.
The local government has announced a plan to invest $2 and $3 billion for battery production and development.
Tesla and Québec have been in talks for a few months.
There are numerous reasons why the Province of Québec is ideal for such an endeavour. For one, all of its electricity is hydropower-sourced. As well, and importantly, its territory is very rich in the minerals that make up batteries. Tesla is aware of this and has been in talks with the government for some time with regard to battery production.
Tesla has already, albeit indirectly, invested in the Province for its lithium resources via a deal it worked out Piedmont Lithium. This time, Tesla would be a private investor as part of the government’s recently-announced plan to invest between $2 and $3 billion for battery production and development.
It was confirmed today, according to electrek, that both Tesla and the government, we in fact discussing the possibility of building a battery production facility in the Province of Québec.
Pierre Fitzgibbon, Québec’s economy minister’s press manager, Mathieu St-Amand said (translated from French): “The minister met with Tesla executives during a mission in California last month. They discussed Quebec’s place in Tesla’s supply chain.”