OTTAWA – The secret weapon in South Korea’s bid to win the lucrative submarine contract is code named “Project Beaver.”
Facing market conditions that blocked it from bringing an electric vehicle plant to Canada, the South Koreans drafted a plan to manufacture hydrogen long-haul freight trucks and build dozens of charging stations in Canada, beginning in 2030. The proposal was submitted as part of Hanwha’s bid for the submarines, and the details were kept under wraps until now.
“Project Beaver” will use the technology developed by Hyundai Motors and transplant it to Canada.
