The EV project funding, which involves 10 companies, is part of a new $59-million, 15-project package spanning four NGen advanced manufacturing programs
At its inaugural N3 Summit, NGen announced the funding will be combined with $54.4 million in industry contributions for a total of $86.7 million spread between 15 projects
Successful applicant-partners will share proceeds from a new $35-million NGen fund and up to $60 million more in industry contributions
Next Generation Manufacturing Canada will distribute the funding to Canadian companies for projects focused on advancing the zero-emission value chain
The pace of technology adoption by Canadian manufacturers still lags that of our major competitors. And the potential of Canadian technology companies to grow into globally competitive enterprises has long been assumed as a weak, but that perception is changing
The EV Innovation & Technology Conference, hosted by Electric Autonomy in partnership with Next Generation Manufacturing Canada, will showcase Canadian industry leaders discussing opportunities and challenges in achieving success in the EV economy
From Indigenous relations to sourcing raw materials to waste reduction to value-added manufacturing, experts at Sudbury’s marquee event were unanimous that realizing Canada’s enormous EV battery supply chain potential hinges on further cooperation and commitment from all participants in the sector
The announcement marks the largest wave of automotive industry investments to date under Canada’s Innovation Supercluster Initiative, and features projects in critical minerals, batteries, power electronics, fuel cells and lightweight materials
NGen, the industry-led organization behind Canada’s Advanced Manufacturing Supercluster, wants to fund projects that help strengthen the Canadian auto sector’s ability to transition to zero emission vehicles