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News   December 5, 2016   by CARS Magazine

Vancouver-based company receives $1.9 million to develop electric vehicle battery technology

The Government of Canada has announced an investment of up to $1.9 million in Vancouver-based Nano One to support the development of electric vehicle battery technology.

Nano One produces low-cost high-performance energy storage materials for batteries as well as a wide range of advanced nanostructured composite materials. The new technology is designed to reduce the cost of the energy storage materials in electric vehicle batteries, resulting in batteries that are longer lasting, easier to charge and able to produce more energy.

“These projects illustrate how Canada’s automotive suppliers are at the forefront of designing and building the super-efficient cars of the future—cars that are more energy-efficient and better for the environment,” said Navdeep Bains, Minister of Innovation, Science and Economic Development. “The made-in-Canada innovations that come from these companies strengthen the skills, knowledge and business expertise that create well-paying jobs for Canadians. These innovations make our country’s automotive sector a global success.”

The funding, made available through the Automotive Supplier Innovation Program, will support the development and production of electric vehicle battery material in Nano One’s pilot plant. The facility will simulate full-scale production of lithium-ion cathode materials and showcase Nano One’s patented processing technology.