trending Market Intelligence /marketintelligence/en/news-insights/trending/QeuOuBl9Z1BbSVwtKfaMtw2 content esgSubNav
In This List

Hydro-Québec unit sees growth in Asia's mass transit sector

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

[Report]: 2021 Corporate Renewables Outlook

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Hydro-Québec unit sees growth in Asia's mass transit sector

To maximize growth opportunities in the mass transit sector in Asia, Hydro-Québec's motor manufacturer subsidiary, TM4, plans to redirect the focus of its operations to motors for heavy vehicles and buses and scale back on its light-vehicle segment.

"By refocusing TM4, we will be in a better position to keep up with the ongoing electrification of the transportation industry, ensure the company's long-term viability and enable it to seize new business opportunities as they arise," the company said in a March 29 release.

The move will cause the termination of about 30 jobs, but the research and development activities of the company will remain at its Boucherville facilities in Québec.

The shares of TM4's joint venture prestolite electric propulsion systems in the Chinese market grew from 0.4% in 2015 to 4% in 2016 and are expected to further climb 7% to 8% this year, according to the company.