Ontario’s EV (Electric Vehicle) supply chain received a significant boost with Dana Canada Corporation’s recent investment announcement. This global leader in drivetrain and electric propulsion systems is set to expand its manufacturing capabilities, focusing on thermal management systems essential for EV batteries and electronics. The investment, approximately $60 million CAD, will enhance Dana’s facilities at Oakville and Cambridge.
Dana’s presence spans 31 countries, and this expansion positions the Cambridge site as a primary manufacturing location in Canada, complemented by growth at the Oakville Technology Centre. These developments are expected to generate 105 new, well-paying jobs in these areas.
Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, underscored the government’s role in nurturing an environment conducive to the growth of multinational manufacturers and job creation. Ontario’s commitment to developing a comprehensive EV and EV battery supply chain is evident, with Dana’s expansion boosting the province’s competitive edge.
Antonio Valencia, Dana’s President of Power Technologies and Global Electrification, expressed gratitude for the Ontario government’s support. Dana’s expertise in thermal-management technology, led by its Ontario Technology Centre since the 1950s, is set to reach new heights with this expansion.
The Ontario government supports Dana’s growth with a $2.5 million contribution through Invest Ontario. This expansion aligns with Ontario’s ‘Driving Prosperity’ plan, a decade-long strategy to transform the automotive supply chain and position Ontario as a North American leader in EV and battery manufacturing.
Over recent years, Ontario has attracted over $27 billion in investments from global automakers, parts suppliers, and EV battery and material manufacturers. The province’s skilled workforce, advanced research facilities, and renowned manufacturing hubs continue to make Ontario a prime location for business investment and growth in the automotive sector.
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