Windsor has been chosen as the place for a company developing materials for lithium-ion batteries in electric vehicles to establish their operations in.
In a news conference on January 23rd, NEO Battery Materials has announced a $120 million investment over eight years. According to the company, NEO Battery Materials Ltd. is an Ontario-based business that's developing silicon anode technology. It says their development will increase EV battery range and bring down prices of EV's.
They have agreed to a 49 year lease on three hectares of land at the Windsor International Airport and hope to break ground on their initial $69 million investment in the second half of 2025 with the goal of production starting in late 2026.
Windsor, ON was chosen due to it's proximity to Stellantis, NextStar, and Volkswagen. The goal is to help position Canada as a global leader in the EV industry and help Windsor be a major hub for the industry. The facility will be Canada's first silicone anode production facility.
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