# Hydro-Quebec invests CAN$25 million to grow Dana TM4 electric motor business

Hydro-Quebec will invest over CAN$25 million in 2020 to grow Dana TM4 and its electric powertrain business, with new operations in the UK, India and the US and 100 new jobs in Boucherville, Quebec.

- Type: Investment
- Announced: 2020-09-10
- Where: Boucherville, Quebec, Canada
- Value: $18.5M (25.0M CAD)
- Jobs: 100
- Status: announced
- Products: electric motors, inverters, control units, electric powertrain components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dana TM4](https://endata.com/companies/7006.md)
- [Dana Incorporated](https://endata.com/companies/369.md) (partner)
- [Hydro-Québec](https://endata.com/companies/3478.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/strategic-partnership-between-hydro-quebec-and-dana-incorporated-investment-of-can-25-million-and-important-economic-benefits-for-quebec-878372778.html), 2020-09-10: "By the end of 2020, Hydro-Québec will have invested over CAN$25 million this year to pursue the growth of Dana TM4 and ensure its leadership in the electric powertrain sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.