Press Release

BidItUp Assists in Landmark EV Battery Facility for Asahi Kasei and Honda in Ontario

Toronto, ON  — BidItUp Auctions Worldwide is proud to announce its instrumental role in the development of one of Canada’s most significant clean technology investments. The company’s Managing Director, Cheiko Bond, alongside Real Estate Affiliate Bill Vogel, led the strategic real estate and asset management efforts for Asahi Kasei Corporation’s new EV battery separator plant in Port Colborne, Ontario.

The state-of-the-art manufacturing facility represents a CAD$1.56 billion (180 billion JPY) investment and marks a milestone in Canada’s transition toward a fully integrated electric vehicle supply chain.

The new facility, developed as a joint venture with Honda Canada Inc., will produce Hipore™ wet-process lithium-ion battery separators, a key component in electric vehicle batteries and grid energy storage solutions.

“BidItUp is honored to support this transformational initiative,” said Tara Shaikh, CEO of BidItUp Auctions Worldwide. “This facility is not just a factory—it’s a foundational piece in North America’s EV infrastructure. Cheiko and Bill’s leadership in managing the complexities of this project underscores the depth and global reach of our team.”

Key Project Highlights:

• Purpose: Manufacture Hipore™ lithium-ion battery separator film
• Capacity: 700 million square meters per year
• Jobs Created: Over 300 in initial phase
• Timeline: Commercial production scheduled for 2027
• Government Support: Backed by Invest Ontario and the Clean Technology Manufacturing Investment Tax Credit

This landmark project strengthens Ontario’s position as a leader in clean manufacturing and supports Canada’s broader decarbonization and innovation goals.

About BidItUp Auctions Worldwide
BidItUp is a global leader in industrial asset disposition, auction services, and strategic advisory for manufacturers, investors, and government partners. With deep experience across automotive, EV, aerospace, biotech, and energy sectors, BidItUp combines market insight, precision execution, and global buyer networks to maximize value for clients.

Media Contact:
Soreya Yaan
Director of Communications
BidItUp Auctions Worldwide
[email protected]
www.biditup.com