The newly formed Canadian startup will spend an estimated $200 million to $300 million on construction and machinery for a battery-cell manufacturing plant in Quebec, though StromVolt’s CEO Maxime Vidricaire said it is still in negotiations with investors and governments on a location. The company has a deal to use technology from Taiwan’s Delta Electronics, the terms of which were not disclosed. (La Presse, The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.

News
Ottawa’s Mission Control prepares for its moonshot
Briefing
Huawei losses ease with rise in domestic cloud business
Celsius creditors file motion to block crypto lender from selling mined bitcoin
‘SPAC King’ seeks deadline extension to close deals
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.