Ontario

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Company halts construction of $2.7B battery project in eastern Ontario (www.cbc.ca)

submitted 7 months ago by RandAlThor to c/ontario

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After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it's delaying construction of the plant citing a slowdown in EV sales.

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[–] Showroom7561 8 points 7 months ago

Literally my first thought, and it wouldn't be the first time that sort of thing happened, either!

If a grant was collected, and a project had not been completed (or started), the company should pay it back with interest.