Montreal based Taiga Motors is staying within their home province announcing plans to build a mass production assembly facility the City of Shawinigan, Quebec.
The company expects to begin construction soon and complete the first phase in 2022. The facility will help Taiga accelerate the mass production of Taiga’s electric snowmobiles, personal watercraft, and their side-by-side vehicles, which are expected to be ready for production in 2022.
“This facility, a part of the $185M in recently announced funding, will bolster Taiga into becoming a globally leading OEM for powersports vehicles,” said Samuel Bruneau, CEO of Taiga. “We have seen strong customer demand limited by product availability. This new facility shows Taiga’s continued commitment to be trailbreakers and offer electric vehicles capable of diving mass-market adoption without compromise.”
Once complete the facility is expected to increase Taiga’s production capacity to 80,000 units by 2025.
The announcement of the new facility comes after Taiga revealed its plans to go public via a merger with Canaccord Genuity Group Inc. The deal, which is expected to close as early as April, will give the company a valuation of about CAD $537 million.