Government of Canada to scale growth of six manufacturers in the EV sector in southern Ontario
Backgrounder
October 15, 2024
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a combined repayable investment of more than $12 million for six manufacturers in the EV sector to expand production capabilities and adopt new equipment. Minister Tassi was joined by Pam Damoff, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs) and Member of Parliament for Oakville North—Burlington.
| Recipient Name | Project | Funding Amount |
|---|---|---|
To modernize its facility and seize future growth in the industry with the addition of automated production equipment to increase its capacity to produce EV and hybrid vehicle components. |
$1.2 million |
|
To expand its aluminium parts manufacturing (extrusion) capacity to produce new components for the EV market at its Lakeshore, Ontario, facility. |
$5 million |
|
To support enhanced manufacturing capabilities to produce intricate components for the EV sector at its Concord facility. |
$750,000 |
|
To bring to market modified computer numerical control (CNC) machinery for high-volume production of EV parts. |
$499,532 |
|
To expand its lithium-ion battery manufacturing capacity in order to meet the demand from the EV industry for its products. |
$2 million |
|
To increase its parts manufacturing and assembling capabilities for complex EV parts. |
$3 million |
Related Product
News Release: Government of Canada supports six companies boosting EV growth in southern Ontario
Page details
- Date modified: