Press release
Source: Government of Ontario
The McGuinty government investment in Electrovaya will help create 240 jobs and support 50 existing positions. The company's patented battery technology lets cars drive further on a single charge than electric vehicles that use other batteries. Electrovaya has already signed several deals with automakers in Europe, Asia and North America and is in a strong position to become a world leader in manufacturing batteries for electric vehicles.
Investing in innovation is part of the McGuinty government's plan to secure the next generation of high-paying jobs for Ontario families.
Quick Facts
-Electrovaya is investing $94.8 million in the expansion. Ontario is providing an additional $16.7 million.
- Ontario wants one in 20 vehicles driven in the province to be electric by the year 2020.
- Electrovaya's Lithium Ion SuperPolymer battery powers the Maya 300. The car is part of a new electric car share-and-rental program in Baltimore.
photo:Jupiter Images
Source: Government of Ontario
The McGuinty government investment in Electrovaya will help create 240 jobs and support 50 existing positions. The company's patented battery technology lets cars drive further on a single charge than electric vehicles that use other batteries. Electrovaya has already signed several deals with automakers in Europe, Asia and North America and is in a strong position to become a world leader in manufacturing batteries for electric vehicles.
Investing in innovation is part of the McGuinty government's plan to secure the next generation of high-paying jobs for Ontario families.
Quick Facts
-Electrovaya is investing $94.8 million in the expansion. Ontario is providing an additional $16.7 million.
- Ontario wants one in 20 vehicles driven in the province to be electric by the year 2020.
- Electrovaya's Lithium Ion SuperPolymer battery powers the Maya 300. The car is part of a new electric car share-and-rental program in Baltimore.
photo:Jupiter Images