IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Feb 2017 | Removal date: open ended
Still in force

State loan

On February 16, 2017 Minister of Innovation, Science and Economic Development Navdeep Bains, announced funding totalling Can.$18.2 million (U.S.$14.1 million) for two firms that have developed innovations that have the potential to make cars lighter, more fuel efficient and better performing due to a longer battery life. Astrex Inc. will receive a repayable contribution of up to $17 million from the Federal Economic Development Agency’s (FedDev Ontario) Advanced Manufacturing Fund. The investment will enable Astrex, a manufacturer of auto parts, to establish a facility that produces lightweight, high-strength aluminum components.

Another $1.2 million in a non-repayable contribution will go to GBatteries Energy Canada Inc. of Ottawa. The funding from Sustainable Development Technology Canada’s SD Tech Fund, which funds clean-technology projects, will allow the company to develop longer lasting batteries for electric cars. The battery system would also recharge much more quickly than existing ones.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

464 Accumulators, primary cells & primary batteries; parts
8506 Primary cells and primary batteries.
850650 Lithium
492 Motor vehicle bodies; trailers & parts thereof
8707 Bodies (including cabs), for the motor vehicles of headings 87.01 to 87.05.
870710 For the vehicles of heading 87.03

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