Company powers down planned expansion of B.C. battery plant

Battery manufacturer E-One Moli Energy has announced it is not going ahead with the expansion of its Maple Ridge plant – at this time.

The federal commitment was $205 million, with another $80 million from the province, and the plan was for E-One Moli to expand its facility in Maple Ridge, and become Canada’s largest high-performance lithium-ion battery cell manufacturer. They would produce up to 135 million battery cells per year."It's not really the bad news everyone thinks it is – they're not cancelling, they're just putting it on pause," he said.

He pointed out the project is not overdue – it was slated for completion in 2028. The company has stated the plant expansion in Maple Ridge remains a sound investment.

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