Last week, Prime Minister Trudeau and Quebec Premier Francois Legault announced that Northvolt AB, a Swedish company, will be constructing a $7 billion electric vehicle battery plant outside Montreal.
Prime Minister Trudeau described it as a “historic and transformative announcement.” Premier Legault referred to the project as “the biggest private investment in the recent history of Quebec.”
The federal government has pledged $1.34 billion towards the construction of the plant, in addition to more than $3 billion in production incentives. Quebec has committed $2.9 billion for construction of the plant, in a combination of debt and equity financing.
The battery plant is projected to begin operations in 2026, with initial capacity to produce enough batteries to power one million electric vehicles per year. It is also expected to create up to 3,000 jobs in the region, and contribute $1.6 billion to the Canadian economy.
Smartphones have become integral to daily life, raising increasing apprehensions about their impact on attention, productivity and overall digital habits. As reliance on smartphones has grown, so has…
Developer Rockstar Games and publisher Take-Two Interactive recently opened pre-orders for Grand Theft Auto VI (“GTA 6”), marking the first franchise instalment in thirteen years. Since the launch of…
A new iOS app called Sniff is taking a different approach to social networking by connecting dog owners within the same neighbourhood. Rather than encouraging users to build broad online communities…
The fully autonomous ridesharing service, Waymo, is looking to add a new ridesharing option for Torontonians with self-driving vehicles. Waymo is a driverless taxi service where users can hail an…
Four years after Canada shut Huawei out of its 5G networks, one of its former subsidiaries is hoping for a second chance in the Canadian market. Honor Device Co., a Chinese consumer electronics…
Quantum computers have long been promised to reshape the leading edge of computing technology, facilitating machines capable of completing operations unthinkably time-intensive for classical computers…
