$2 million grant for Dana Holding Corp.
Company’s air-and liquid-cooled battery technologies already used by major automakers, including GM and Ford
MAUMEE, OH.—Dana Holding Corp. will receive a $2-million grant from the Province of Ontario for the development and manufacture of lithium-ion battery cooling technologies for electric and hybrid-electric vehicles.
The company’s air and liquid-cooled battery technologies are used by several global automakers for 16 electric and hybrid-electric vehicles, including the Chevrolet Volt, Ford’s Focus EV and the Tesla Roadster.
“Clean energy is a global need and will require commitments from both public and private sectors to make alternative-energy vehicles more broadly available,” said Dwayne Matthews, president of the Power Technologies business at Dana.
The grant will support Dana’s R&D work at its thermal products engineering center in Oakville, manufacturing efforts 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 anticipated growth of its business—Dana expects to invest up to $37 million in its Oakville and Cambridge facilities over the next five years.
Dana supplies of driveline products, such as axles, driveshafts and transmissions power technologies and service parts to light-and heavy-duty vehicle manufacturers. Based in Maumee, OH., the company employs approximately 24,000 people in 26 countries and reported 2010 sales of $6.1 billion.