Electric vehicle R&D initiative established in Québec, Canada

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Premier of Québec, Canada, Philippe Couillard has announced that C$16m in government financing will be made available to support an innovative R&D initiative – in partnership with PSA Peugeot Citroën, Exagon Motors, Investissement Québec and Hydro-Québec subsidiary IndusTech – to share expertise in the field of high-performance electric vehicle components. The announcement was made at the 2016 World Economic Forum in Davos, Switzerland, held on January 20-23.

The government’s contribution will be made up of a C$10m equity interest and a C$6m loan. Hydro­Québec will also be contributing C$4m to the project, in addition to the services offered by its subsidiary TM4 to help with the development of an electric motor.

PSA Peugeot Citroën will lend its expertise in integrating the electric vehicle components, for which it could become the main customer for worldwide distribution.

Exagon Motors is a pioneer in high-performance electric powertrains, and designs, assembles and fine-tunes electric vehicles for the racetrack, as well as developing innovative technological platforms for various equipment manufacturers.

January 26, 2016

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John joined UKi Media & Events in 2012 and has worked across a range of B2B titles within the company's automotive, marine and entertainment divisions. Currently editor of Automotive Testing Technology International, Crash Test Technology International and Electric & Hybrid Marine Technology International, John co-ordinates the day-the-day operations of each magazine, from commissioning and writing to editing and signing-off, as well managing web content. Aside from the magazines, John also serves as co-chairman of the annual Electric & Hybrid Marine Awards and can be found sniffing out stories throughout the halls of several of UKI's industry-leading expo events.

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