Canada comes out on top in Global Battery Supply Chain Ranking, led by Ontario Investments

Research organization BloombergNEF released its Global Battery Supply Chain rankings for 2023, crowning Canada as the top jurisdiction for the manufacturing of lithium-ion batteries, including those used in electric vehicles.

This is the first time China has been unseated from the top spot.

BloombergNEF credited Canada’s top position to the recent investments in Ontario by major multinational companies including Ford, Stellantis, Volkswagen, LG Energy Solutions and Umicore.