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Taiwan Firm Halts $1B Battery Plant Plan in B.C.

  • Despite federal support, Taiwan Cement Corp. has halted plans for a $1-billion lithium-ion battery plant in Maple Ridge, B.C..
  • The decision aims to improve production efficiency at their Taiwanese facility before expanding abroad.
  • The project's suspension affects job creation plans, including 350 new positions and safeguarding 100 existing jobs.