Government of Canada Invests in Green Innovation with Support for Laserax

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If you're an electric-vehicle fan, Canada may have just the thing: a $1 million investment in a Quebec company that hopes to make it easier to make batteries for the vehicles, the AP reports.

The money will go to Laserax, which has developed a laser welder that can make battery modules more quickly, the Canadian government said in a statement.

"These investments continue to place Quebec and Canada at the cutting edge of electric vehicle manufacturing, as the government of Canada works to build a strong, competitive economy, create good jobs for the middle class today and in the future, and fight climate change," said a minister of tourism in the province.

The company plans to begin selling the equipment next year.

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