Dana acquires majority stake in TM4 from Hydro-Québec for CAD$165 million

Dana Incorporated acquired a majority stake in TM4 Inc., a Hydro-Québec subsidiary specializing in electric motors and inverters, for CAD$165 million. The joint venture integrates TM4's electric propulsion technologies with Dana's gearbox and thermal management systems.

“We are excited to welcome TM4 into Dana's global family and to be partnering with Hydro-Québec.”design-engineering.com

• 1 source
• design-engineering.comJoint Venture Between Dana And Hydro-Québec Powers Up Canada’s E-mobility Market - Design EngineeringSean TarrySep 30, 2025

Summarized from public sources; check the original articles before acting on it.