Battery powerhouse' Windsor to host NEO's EV battery materials facility

NEO Battery Materials Ltd. (NBM-X) has secured an eight-acre site in Windsor, Ont. for a facility that will make a material that increases the range of an electric vehicle (EV) battery.
Set to be the Toronto-based company’s first commercial-level manufacturing site, it will be located on surplus land at Windsor International Airport.
At full capacity, it is expected to produce 5,000 tons of silicon anode materials per year, enough to support over one million EVs. The black powder is used to make lithium-ion batteries, commonly found in EVs, to boost driving range by at least 20 per cent.
The expected four-phase project is anticipated to draw in approximately $120 million in investment over eight years.