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HPQ Silicon Inc V.HPQ

Alternate Symbol(s):  HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.


TSXV:HPQ - Post by User

Post by Oden6570on May 01, 2021 5:53am
313 Views
Post# 33107717

GM Further North American EV investment

GM Further North American EV investment

General Motors Co. is extending its electric vehicle plans south with an investment of more than $1 billion in Mexico, adding a fifth plant in North America with EV production capacity.

 

General Motors Co. is extending its electric vehicle plans south with an investment of more than $1 billion (U.S.) in Mexico, adding a fifth plant in North America with EV production capacity.

The automaker’s facility in Ramos Arizpe, Coahuila, will start making unspecified EVs for GM brands in 2023, the carmaker said in a statement. The plant currently builds gasolinepowered Chevrolet Equinox and Chevrolet Blazer models, as well as engines and transmissions.

The company has committed to spending $27 billion as part of a push to build 30 electric vehicle models by 2025, a farreaching strategy pivot and bet on next-generation technology. As part of that initiative, it plans to eventually expand the complex’s 6,500-employee workforce to add a third shift, according to Francisco Garza, president of GM Mexico.

“We are really proud about contributing to GM’s vision of a future with zero crashes, zero emissions and zero congestion, by the production of electric vehicles,” Garza said in the statement. Meanwhile, GM’s commitment to Mexico was criticized by the United Auto Workers, which represents its hourly workers in the U.S.

“This is a slap in the face for … UAW members and their families,” Terry Dittes, a UAW vicepresident, said in a statement. “Automobiles made in Mexico are sold in the United States and should be made right here, employing American workers.”


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