Ontario Investment Roundup

Year after year, we have seen billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada

The province of Ontario is continuously drawing new investments—ranking highly in tech talent, boasting numerous Cities of the Future and being competitively recognized as the #1 place in Canada to invest. There are plenty of reasons why global leaders choose to invest in Ontario.

Here are a few of Ontario’s most notable investments.

2024 Investments


Rendered image of Asahi Kasei’s new lithium-ion battery separator plant in Port Colborne, Ontario

Asahi Kasei chooses Ontario to build Canada’s first EV battery separator plant

This project marked Asahi Kasei’s first major investment in Ontario and a milestone in bolstering the province’s EV battery supply chain.



A row of cars in a factory

Honda to build Canada’s first comprehensive electric vehicle supply chain, creating thousands of new jobs in Ontario

Honda will build an innovative and world-class electric vehicle assembly plant – the first of its kind for Honda Motor Co. Ltd. – as well as a new stand-alone battery manufacturing plant at Honda’s facilities in Alliston, Ontario.


2023 Investments


Photo of Kainos’ office in Toronto, Ontario

Kainos strengthens presence in Ontario with expansion of Toronto office

The Belfast-based IT provider aims to triple its Toronto headcount to meet the growing demand for digital transformation across North America.

Information Technology


Photo of Dana Canada’s manufacturing facility

Dana Canada Corporation grows production capacity in Ontario with investment to expand EV technologies

Dana is expanding its advanced thermal management systems manufacturing capacity in Ontario through a major investment creating 105 jobs by 2025.



Photo of Mitsui High-tec’s Brantford manufacturing facility

Mitsui High-tec (Canada), Inc. invests in Brantford, Ontario again

This is their third expansion in Ontario since 2015 and will add 104 jobs by 2025 and 103,500 sq ft. to their Brantford motor core manufacturing facilities.



Vials of Moderna’s mRNA COVID-19 vaccine.

Ontario welcomes major investment to manufacture more vaccines

The Ontario government has secured a multi-million-dollar investment from Moderna to expand vaccine manufacturing. Moderna is partnering with Novocol Pharma to add new manufacturing capabilities in their Cambridge facility.

Life Sciences


The Volkswagen logo on a vehicle

Volkswagen’s new electric vehicle battery plant will create thousands of new jobs

Volkswagen is investing $7 billion to establish its first overseas electric vehicle battery manufacturing plant in St. Thomas, Ontario. This is the largest electric vehicle-related investment in Canadian history.



Ontario welcomes announcement of investment from AstraZeneca to advance the fight against cancer

AstraZeneca announces 500 new, high-paying jobs in Peel and the surrounding region

Global pharmaceutical company AstraZeneca announces plans to expand its research operations and create 500 skilled scientific and research jobs in Mississauga, Ontario.

Life sciences
Planned expansion of Magna’s electric vehicle structures in Brampton

Magna expands Ontario EV operations with new Brampton plant and five upgraded facilities

Magna, one of the world’s largest suppliers in the automotive industry, announces that it will expand its operations across six locations in Ontario with a $471 million investment.


2022 Investments


PointsBet is one of the fastest growing operators in North America. PointsBet’s Canadian headquarters serves an important function of their operations, where they can scale, innovate, and capitalize on Ontario’s diverse workforce to create additional jobs in the future.

PointsBet opens Canadian headquarters in Toronto, Ontario

Leading iGaming company PointsBet opens an office in Toronto—a first for the iGaming sector in Ontario.

Information technology


Architectural rendering of the Nokia facility

Nokia selects Ottawa, Ontario as home base for R&D in 5G, AI and cybersecurity in Canada

Nokia Canada chooses Ottawa as the home for their redevelopment project. This investment will transform their Ottawa facility into a world-class telecommunications and technology hub.

Information Technology


A cell phone displaying the Umicore logo in front of a computer showing a map of company locations.

Umicore to build an industrial-scale battery materials manufacturing plant

Umicore announces 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, Canada.




Sanofi to launch Artificial Intelligence Centre of Excellence in Toronto

Sanofi announces opening an AI Centre of Excellence in Toronto, joining Sanofi’s global network of existing digital hubs in Paris, Boston, New York and Barcelona.

Life Sciences
Blue electric vehicle hooked up to battery charger

Dongshin Motech is building a $60M battery casings plant in Windsor, Ontario

South Korean auto supplier Dongshin Motech announces plans to build a $60-million factory in Windsor, Ontario, to supply the North American auto industry with aluminum casings for electric-vehicle batteries.



A computer screen showing electric vehicle being designed

Stellantis makes major auto manufacturing investments for Windsor and Brampton

Stellantis invests $3.6 billion in its Windsor and Brampton plants. These investments will accelerate the creation of one of North America’s most vertically integrated electric vehicle supply chains.



New all-electric BrightDrop commercial vehicle

General Motors of Canada invests in Oshawa and Ingersoll plants

General Motors of Canada Company (GM) invests $2 billion to transform the company’s Oshawa and CAMI manufacturing plants and support improvements across all of GM’s manufacturing and R&D facilities in the province.

GM invests an additional $1 billion to produce the Bright Drop all-electric delivery van, the first produced by a mainstream automaker in Canada.



Architectural rendering of the OmniaBio facility at Hamilton’s McMaster Innovation Park

OmniaBio supports new biomanufacturing facility in Hamilton

OmniaBio announces they will be launching a new biomanufacturing facility, contributing to an overall project investment of over $580 million.

Life Sciences
Electric vehicle plugged in

Stellantis and LGES make largest auto investment in province’s history

LG Energy Solution (LGES) and Stellantis invest more than $5 billion in a joint venture to build an EV battery manufacturing facility in Windsor.

Two robotic arms in an industrial setting with sparks flying

Honda Canada makes landmark investment in next-gen vehicles

Honda Canada invests nearly $1.4 billion in next-generation vehicle models, ensuring they are built here in Ontario, by Ontario workers, and sold across North America.

A MDA Corporation robotic system inspecting a nuclear reactor.

MDA invests in cutting-edge space and robotics technologies in Brampton

MDA invests $100 million over five years for its new Space Robotics Centre of Excellence and developing leading-edge technologies in commercial space robotics.

Advanced Manufacturing


Industrial steel production

ArcelorMittal Dofasco invests in clean steelmaking technology

ArcelorMittal Dofasco launches $1.8-billion project that will see its Hamilton facility among the first of its global operations to replace coal-fed coke ovens and blast furnaces with new, low-emission technology.

Generic electric car with battery visible

Ventra Group invests in Windsor electric vehicle battery innovation lab

Auto parts manufacturer Ventra Group invests $18.5 million in Windsor EV innovation lab, helping strengthen local manufacturing and Ontario’s automotive and domestic manufacturing sectors.


There are always new investments happening in Ontario.

Discover more reasons why businesses choose to invest in Ontario.

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