Much like the electric vehicle manufacturing space, B.C.’s rechargeable battery manufacturing sector is small and highly specialized.
“Our cell is a very similar type of cell as what you’d find in Tesla vehicles,” said Frank So, executive vice-president at E-One Moli.“We do not target the electric vehicles because, one, the scale of the number of cells that are required annually is far beyond of what we are capable of meeting,” So said. “Plus, we find conventional electric vehicles base their metrics on dollars per kilowatt hour.
“To go after the top one per cent of the total available market, that is already plenty of market for us,” So said. The company is getting $205 million in funding from the federal government and $80 million from the B.C. government.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »