Electric vehicles: Québec’s expertise marketed in Asia
Clément Gignac, the Minister of Natural Resources and Wildlife and Minister responsible for the Plan Nord, has just announced the creation of a new joint venture between TM4, a subsidiary of Hydro-Québec, and Prestolite Electric Beijing Limited (PEBL). This joint venture will market electric drivetrain systems for buses, trucks and other heavy vehicles in Asia.
Special access to the Chinese market
The joint venture, known as Prestolite E-Propulsion Systems (Beijing) Limited (PEPS), will develop, manufacture, sell and provide post-sales service for electric drivetrain systems developed in Québec. This approach provides TM4's technological innovations, which are still being developed in Boucherville, with special access to a huge Chinese market, which produces 40% of the buses used around the world.
Québec’s Action Plan for Electric Vehicles
“This project meets the objectives of the 2011-2020 Action Plan for Electric Vehicles by stimulating development of innovative products and thus contributes to the creation of a world-class industrial sector in Québec. There is no doubt that China, just like Québec, is beginning to make the change to low-carbon transportation and the expertise and know-how of Québec’s firms already stand out in electric vehicle development niches,” concluded the Minister.
2011-2020 Action Plan for Electric Vehicles (in French)