Dana Nets Grant For Electric-Vehicle R&D

Dana Holding Corp. has received a $2 million grant from the Province of Ontario for the ongoing development and manufacture of lithium-ion battery cooling technologies for electric and hybrid-electric vehicles.

The grant will support Dana's research and development work at its thermal products engineering center in Oakville, manufacturing at its plant in Cambridge and collaboration with several Ontario universities in the development of battery cooling systems. In conjunction with the grant and based on the anticipated growth of this business, Dana will invest up to $37 million in its Oakville and Cambridge facilities over the next five years to continue to advance its battery cooling technology.

To date, Dana's air- and liquid-cooled battery technologies have been selected by several global automakers for 16 electric and hybrid-electric vehicles, such as the Chevrolet Volt, Ford Focus EV and Tesla Roadster Sport.

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