TM4 Electrodynamic Systems is a subsidiary of government-owned public utility

Public utility

A public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...

 Hydro-Québec

Hydro-Québec

Hydro-Québec is a government-owned public utility established in 1944 by the Government of Quebec. Based in Montreal, the company is in charge of the generation, transmission and distribution of electricity across Quebec....

established in 1998, active in the development of electric car engines and related power systems. Hydro-Québec intends to set up a joint venture with a world-scale auto parts manufacturer to facilitate the mass production and marketing of the electric powertrains designed by its subsidiary TM4 while continuing to develop new products.