NEO Battery Materials plans $69 million facility in Windsor, creating 100 jobs

NEO Battery Materials Ltd. has announced plans to establish a facility in Windsor, Ontario, focusing on the production of silicon anode materials for lithium-ion batteries in electric vehicles. The company is investing an initial $69 million to build a manufacturing plant on eight acres at Windsor International Airport, with plans to expand total investment to approximately $120 million over the next eight years. This initiative is expected to create over 100 jobs and bolster the local electric vehicle supply chain, enhancing Windsor's role in the growing EV market. The factory will produce 5,000 tonnes of silicon anode annually, representing a significant milestone for Canada's battery ecosystem. This development aligns with Windsor's positioning as a key player in the national EV battery supply chain, drawing interest from major automotive manufacturers. The project is set to commence in the latter half of this year, with full operational capacity anticipated by 2030.