Umicore plans to make a $1.5 billion investment to build a first of its kind industrial scale cathode and precursor materials manufacturing plant, in eastern Ontario. This investment would support Ontario’s vision of building an end-to-end electric vehicle (EV) supply chain in the province and becoming a North American hub for building the cars of the future.
Ontario is quickly becoming a leader in developing and building the car of the future by attracting a $3.6 billion investment from Stellantis in the automaker’s Windsor and Brampton plants. These investments will accelerate the creation of one of the most vertically integrated electric vehicle supply chains in North America.
The Northern Ontario Regional Technology Development Site (RTDS) will connect Ontario’s manufacturing might with Northern Ontario’s mining and mineral expertise, talent and leadership. It will provide Northern and electric vehicle (EV) businesses with the support they need to help build the next generation of low-carbon, autonomous, electric and connected vehicles. The Northern Site brings together post-secondary institutions, Regional Innovation Centres, incubators and accelerators, municipal and regional resources, industry and other regional collaborators.
The Ontario government has released its Low-Carbon Hydrogen Strategy to accelerate the development of the low-carbon hydrogen economy in the province that will create jobs and reduce emissions. The strategy will position Ontario as a clean manufacturing hub, ready to support new investments to produce clean steel, electric vehicles (EV), and the batteries that power them.
The Ontario government is supporting an $18.5 million investment by auto parts manufacturer Ventra Group to help strengthen local manufacturing and Ontario’s automotive and domestic manufacturing sectors, while creating jobs, attracting investment to the local economy and supporting the province’s economic recovery. The province is investing $1.5 million through the Regional Development Program, which will help create 18 jobs.