Canadian-made concept electric vehicle (EV), Project Arrow, has received $5 million in funding from the Federal Economic Development Agency for Southern Ontario. This funding influx will help continue the development of the all-Canadian car.
If you’re unfamiliar with the project, it started in early 2020 when the Automotive Parts and Manufacturers’ Association (APMA) in Canada wanted to prove that a vehicle could be built in Canada with mostly Canadian-made parts.
Since then, we’ve seen the car go through a design competition and the final design take shape. The project has been delayed due to the ongoing pandemic, but the Arrow team is still working to build a real concept version of the car.
In the funding announcement video that APMA shared on Twitter, there appears to be a functioning version of the car without an outer shell on display (think C-3PO in Star Wars Episode 1: The Phantom Menace).
The latest round of funding will support 80 jobs and 40 suppliers across the Canadian automotive sector. It’s also important to note that this won’t become a real car to compete that aims to compete with GM and Tesla, but rather it’s a proof of concept to entice larger automakers to set up shop in Canada.
Source: AMPA, Electric Autonomy Canada
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
Read original article here
Denial of responsibility! TechNewsBoy.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by
email – abuse@technewsboy.com. The content will be deleted within 24 hours.
