Canada rejected battery maker Electrovaya for a loan so it opened a factory in the U.S. Did Ottawa unwittingly do it a big favor?

Open this photo in gallery: Raj DasGupta, CEO of Electrovaya, looks over the floor of the company’s assembly plant in Mississauga, Ont., on March 13, 2025.Christopher Katsarov/The Globe and Mail When the Canadian government rejected Electrovaya Inc.'s 2021 request for financing to build a lithium-ion battery plant in Ontario, the leadership of the Mississauga-based technology pioneer was disappointed, but moved on. The company instead secured a site in southwestern New York state and received US$50.8-million in loans from the U.S. government and millions more in subsidies from the state. The 137,000-square-foot plant, which begins operations this spring, will create 250…