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Vaughan Headquartered Martinrea International Inc. Announces Joint Venture With NanoXplore to Develop Electric Vehicle Batteries Enhanced With Graphene

Vaughan headquartered Martinrea International Inc. announces joint venture with NanoXplore to develop electric vehicle batteries enhanced With graphene

Martinrea International Inc., a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, is pleased to announce its joint venture, VoltaXplore Inc., with graphene producer NanoXplore Inc. to develop electric vehicle (EV) batteries enhanced with graphene. This joint venture will support the journey towards a sustainable, low-carbon future encouraged by the global and Canadian movements towards zero-emission EVs.

A VoltaXplore demonstration facility is scheduled to be opened in Montreal within the next year for the development and production of EV batteries enhanced with graphene. A successful demonstration of improved battery performance using graphene, along with positive feedback from our customers, will support the business case for the construction of a battery production facility in Canada.

Full Article: globenewswire.com