PowerCo Canada Inc.

$13,153,475,083.00 CAD

≈ $317.59 for every person in Canada ≈ 169,994 Canadians' average pay for a year

Department: Innovation, Science and Economic Development Canada
Program: Electric Vehicle Battery Manufacturers
Recipient country: Canada
Fiscal year: 2023-2024
Agreement period: May 5, 2023 – December 31, 2032
Reference: ic:033-2023-2024-Q1-515483

Published purpose

Secure greater access to battery cell and module production in Canada to remain globally competitive in the production of electric vehicle (EV) batteries.

In plain English AI-generated

This federal contribution supports PowerCo Canada Inc. to expand electric vehicle battery cell and module production in Canada, aiming to strengthen domestic competitiveness in the EV battery sector.

Category: Infrastructure Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported July 30, 2026 from open.canada.ca Grants & Contributions