Canadian electric vehicle off-road manufacturer Taiga Motors Corporation raised a combined $50 million from all levels of government in support of a mass-production assembly facility it plans to build in Shawinigan, Quebec.
The announcement in July came from François-Philippe Champagne, Minister of Innovation, Science and Industry; Eric Girard, Minister of Finance and Minister of Economy and Innovation; and others, alongside Samuel Bruneau, CEO and Co-founder of Taiga.
“This factory will allow Taiga to become the first Canadian EV manufacturer to integrate both automated powertrain assemblies and electric vehicle platforms under one roof for greatly increased efficiency,” said Bruneau.
The project/development represents an investment of approximately $125,17 million; the $50 million recently gained includes $10 million in federal funding, $30 million in provincial funding, and $10 million in municipal funding.
The facility’s new manufacturing capability is expected to have a direct impact on off-road vehicle transportation and the environment. It is also expected to create 370 high quality jobs and to develop a local supply chain of materials and components.
The first phase of construction is scheduled to be completed in 2022. The building will be known as the Shawinigan Mass-Production Assembly Facility.