Prime Highlights:
Linamar Corporation commits over $1 billion to develop advanced vehicle powertrain and green automotive technologies in Ontario.
The investment will generate over 2,300 new jobs across multiple facilities in the province.
The Ontario Provincial Government will provide a $100.3 million grant, while the Federal Government will contribute up to $169.4 million through the Strategic Innovation Fund.
Key Background:
Linamar Corporation, a global leader in auto parts manufacturing based in Ontario, has announced a significant investment exceeding $1 billion to enhance its vehicle powertrain and green automotive technologies. This investment, backed by both the federal and provincial governments, is set to create over 2,300 new jobs and further solidify Ontario’s position as a key hub in North America’s automotive industry.
The investment encompasses six major projects aimed at expanding and retooling Linamar’s facilities across Ontario. These upgrades will help the company meet the growing demand for both traditional auto parts and electric vehicle (EV) components in the region. The expansion includes the development of eAxle systems for hybrid and electric powertrains, along with innovations in hydrogen fuel cells, battery storage, and semiconductor packaging.
Linamar’s investment underscores its long-standing commitment to innovation and mobility advancements, with a focus on products that support various vehicle propulsion types. The support from the Canadian Federal Government, through a contribution of up to $169.4 million from the Strategic Innovation Fund (SIF), and the Ontario Provincial Government’s $100.3 million grant highlights the importance of this initiative in strengthening the province’s auto and EV supply chain.
Premier Doug Ford and Minister of Economic Development, Job Creation and Trade Vic Fedeli both emphasized the strategic nature of this investment, noting its role in strengthening Ontario’s economic growth and ensuring the province remains competitive in the evolving global automotive market. The announcement also highlights Ontario’s skilled workforce, critical mineral resources, and robust technology ecosystem, which position the province as a leader in the production of future automotive technologies.
Federal Minister of Innovation, Science and Industry, François-Philippe Champagne, applauded the project as a significant step forward in Canada’s ambition to lead the global EV supply chain and strengthen its economy. This expansion also aligns with Ontario’s broader efforts to secure over $46 billion in auto and EV-related investments since 2020.