Stromvolt America plans battery factory in Canada

Canadian startup Stromvolt America has announced that it intends to partner with Taiwanese company Delta Electronics to build Canada’s first factory for the production of lithium-ion battery cells for electric vehicles. It is to be made in the province of Quebec.

Stromvolt says it will gain access to its cell technology and production machines through its collaboration with Delta – in Europe, Delta is primarily known in the area of ​​charging technology. “The partnership greatly reduces the time taken for commissioning of the factory and removes the uncertainty for such an ambitious project,” says Stromvolt CEO Maxim Vidrikair.

In its announcement, the company states that North America has all the key ingredients to rely on electric cars, but that the lack of production leads to “excessive reliance on foreign actors”. However, Stromvolt does not provide any information about the scope of its own production.

A report from the “Electric Autonomy Canada” portal provides some background information: StromVolt was only founded in late August and began production in early October from Delta at a value of US$13.9 million (about €12 million). buy the system. ) The project is expected to amount to an investment of 200 to 300 million US dollars (173 to 260 million euros). The initial annual capacity is expected to be 250 MW and will be increased to 10 GW by 2030.

According to “Electric Autonomy Canada”, details of financing or investors are not known. However, there are indications that Vidicare is seeking to obtain state funding for the project at the federal and provincial levels. Manufacturers based in the province of Quebec such as Lion Electric, BMP, Taiga Motors and Nova Bus have been named as potential customers. Stromvolt also wants to work with battery recyclers to integrate the recovered material into their cell production.

The StormVolt isn’t Vidricare’s first battery project, which is just 31 years old: In 2016, they founded Stormcore Energy, an Ontario-based company that aims to develop and produce lithium-ion batteries for 24- to 80-volt forklifts. claims.
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