LGES and Stellantis investing in Windsor for province’s first large-scale EV battery manufacturing plant.
It’s been a historic month in Ontario, Canada in terms of automotive investment. First, Honda announced a $1.4 billion investment in their award-winning plants in Alliston as the next step in their path toward electrification. Just over a week later, LG Energy Solution and Stellantis announced a $5+ billion investment to build a facility to manufacture batteries for electric vehicles. This represents the largest automotive manufacturing investment in the history of the province. All of this is on top of the over $4 billion in total investments announced previously by Ford, Stellantis and GM.
We are excited to present you with a special EV edition of our monthly newsletter. And we invite you to watch this video that explains exactly why Ontario is a hub for tomorrow’s EV. It was made before the extraordinary recent investments, so the dollar figures haven’t yet been updated! We expect that the total investment number will only continue on its meteoric rise–things are only getting started in Ontario, Canada.
If you’re a global company looking to expand or explore the advantages of Ontario’s EV ecosystem, contact us today.
LG Energy Solution (LGES) and Stellantis have partnered to open Ontario, Canada’s first major EV battery plant. This venture represents the largest private investment in the province’s history and the latest sign that the EV revolution has taken hold in Ontario.
The more than $5 billion investment will build a facility to manufacture batteries for EVs in Canada and is expected to be fully operational by 2025. The facility will produce batteries to equip hundreds of thousands of EVs per year for the North American market.
Learn why Ontario, Canada is the ideal location for industry giants to invest in their battery manufacturing operations.
Industry giant Honda Canada Inc. has announced a $1.4 billion investment in their award-winning Alliston plants located in Ontario, Canada as the next step in their pathway to electrification.
By re-tooling the plants, Honda will invest in new technologies, processes, supply chain and vehicle research and development programs and become the North America Lead Plant for the all-new 2023 CR-V Hybrid crossover. Honda will also build the 2024 Civic—the first hybrid-electric version of the model—out of the Alliston plant.
It’s predicted that by 2040, globally, over half of all passenger vehicle sales will be electric vehicles (EVs), according to a 2020 report by Bloomberg New Energy Finance. Ontario is primed to be right at the centre of that production revolution, with its access to materials, history of automotive excellence, ethical supply chain, culture of innovation and government support.
The advantages of natural resources, an extremely clean electricity grid, favourable policies from the federal government, the competitive Canadian dollar and a highly skilled talent pool all point to Ontario as the hub for tomorrow’s EV.
Here are 10 Ontario companies that provide clean technologies and support the electric vehicle battery supply chain.
With the landmark $5+ billion investment recently announced by LG Energy Solution & Stellantis in Windsor, Ontario, we thought it was only fitting to give the region another look. Here is a feature we ran in September 2021 before the big announcement.
Windsor-Essex has a rich 100-year history of building cars. The region is now looking toward future trends of the automotive industry, including the development and production of connected, autonomous and electric vehicles.
Missed a newsletter? Be sure to check our archive of past newsletters.
Learn about Ontario's upcoming business events.
All company names and trademarks not owned by the Government of Ontario that appear on our website, are the property of and are protected by their respective owners.
Ontario Ministry of Economic Development, Job Creation and Trade, 21st Floor, 777 Bay Street, Toronto, Ontario, Canada M5G 2N4