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Biggest shakeup in auto industry's history chance for Canada to climb on top

Biggest shakeup in auto industry's history chance for Canada to climb on top
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.

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Lion Electric sees rapid growth as EV vehicle supply chain emerges in Canada

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Lion Electric Co. is moving at lightspeed.
Since May, the St. Jerome-based electric truck and bus company has listed publicly on both the New York Stock Exchange and the Toronto Stock Exchange, closed a merger with a special purpose acquisition company Northern Genesis Acquisition Corp. that raised about $500 million, and announced a new manufacturing facility in Illinois, to add to an existing facility in Quebec.
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Lion Electric sees rapid growth as EV vehicle supply chain emerges in Canada Back to video
“Some people say they lost the year from COVID, but I cannot say that,” said Marc Bedard, chief executive and founder of the company, who also received a new grandchild during that time. ....

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Electric vehicles represent a massive industrial opportunity for Canada. Let's not blow it

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The last year has seen a sea change, and not only in the obvious COVID-19-induced sense. Consider the U.S., the EU, the U.K., Germany, and Japan â what do they all have in common? Aside from being a whoâs-who list of our closest allies and trading partners, these world-shaping jurisdictions have plans to invest billions of dollars into building cleaner economies. They also have recently increased climate targets to match the scale of their ambition.
Canada belongs on that list as well, of course, having announced both clean investments in last monthâs federal budget alongside an increased climate target days later. ....

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Victoria company awarded grant for electric vehicle battery proposal

VANCOUVER
A Victoria company is among the 24 businesses selected to receive a provincial supply chain resiliency grant.
Rainhouse Manufacturing Canada Ltd, in partnership with Canadian Electric Vehicles Ltd. and the University of Victoria, will receive $200,000 for a project designing, testing and certifying battery packs for the manufacturing of electric and hybrid vehicles, according to a news release from the B.C. government.
This multi-sector initiative will help increase manufacturing diversity in B.C., boost the emerging market of battery technology, drive the local economy, and support green technologies in many areas, including electric vehicles, marine transportation, ocean research and off-grid storage,” said Rainhouse president Ray Brougham in the release. ....

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