Quebec's TM4 to launch partnership
BOUCHERVILLE, Que. - A Hydro-Quebec subsidiary is launching a partnership with a manufacturer in China to bring transportation electrification to the Asian market.
The subsidiary, TM4, plans to make the official announcement of its partnership with Prestolite Electric Beijing Ltd. on Wednesday in Montreal.
The deal will target markets in member countries of the Association of Southeast Asian Nations, the company said in a release Tuesday announcing the pending news conference.
Hydro-Quebec declined to comment on the planned news event.
TM4 was spun off from Hydro-Quebec in 1998 and focuses on motors, generators and inverters for the power generation and vehicle markets.
It was recently awarded a $3.1-million grant from Sustainable Development Technology Canada to develop a new electric powertrain.
Prestolite Electric is a subsidiary of Prestolite Electric Inc., a U.S.-based global manufacturer and supplier of alternators, starters, electrical equipment and services to the transport, military, construction and agricultural industries.
A 1967 Shelby GT500 Super Snake sold for $1.3 million. Do you think classic cars were made better than modern rides?
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- Yes, the quality of cars from the 1960s and '70s is the best
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