Ontario is helping to bring batteries to market for the next generation of electric and plug-in hybrid vehicles.

The McGuinty government investment in Electrovaya will help create 240 jobs and support 50 existing positions. The company's patented battery technology lets cars drive further on a single charge than electric vehicles that use other batteries. Electrovaya has already signed several deals with automakers in Europe, Asia and North America and is in a strong position to become a world leader in manufacturing batteries for electric vehicles.

Investing in innovation is part of the McGuinty government's plan to secure the next generation of high-paying jobs for Ontario families.

• Electrovaya is investing $94.8 million in the expansion. Ontario is providing an additional $16.7 million.
• Ontario wants one in 20 vehicles driven in the province to be electric by the year 2020.
• Electrovaya's Lithium Ion SuperPolymer battery powers the Maya 300. The car is part of a new electric car share-and-rental program in Baltimore.