Grants and Contributions:
Title:
515482
Agreement Number:
515482
Agreement Value:
$14,556,000,000.00
Agreement Date:
Jan 1, 2024 - Dec 31, 2032
Description:
Secure greater access to battery cell and module production in Canada to remain globally competitive in the production of electric vehicle (EV) batteries.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
Special Contribution Agreements with EV battery manufacturers will contribute to the Department's mission to: support the industrial transformation of key industrial sectors including automotive, and strengthen their domestic supply chains; help Canada transition toward a competitive, low-carbon economy and achieve its emissions reduction targets; grow Canada's innovation ecosystems; and contribute to Canada's talent pipeline by generating high-value jobs.
Location:
Toronto, Ontario, CA M5L1B9
Reference Number:
033-2023-2024-Q2-515482
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
730481009
Recipient Type:
For-profit organization
Additional Information:
2023/24 to 2032/33
Recipient's Operating Name:
NEXTSTAR ENERGY INC.
Recipient's Legal Name:
NEXTSTAR ENERGY INC.
Federal Riding Name:
Toronto Centre
Federal Riding Number:
35108
Program:
Electric Vehicle Battery Manufacturers
Program Purpose:
The purpose of this special purpose allotment is to secure greater access to battery cell and module production in Canada to remain globally competitive in the production of electric vehicle (EV) batteries.
NAICS Code:
335910