Toronto skyline

This year saw 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 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 this year’s most notable investments—and the list is growing.

2022 Investments

February

Generic electric car with battery visible

Ventra Group invests in Windsor electric vehicle battery innovation lab

$18.5 million investment by auto parts manufacturer Ventra Group to help strengthen local manufacturing and Ontario’s automotive and domestic manufacturing sectors.

Automotive
Industrial steel production

ArcelorMittal Dofasco invests in clean steelmaking technology

$1.8 billion project by ArcelorMittal Dofasco 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.

Automotive

March

A MDA Corporation robotic system inspecting a nuclear reactor.

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

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

Advanced Manufacturing
Two robotic arms in an industrial setting with sparks flying

Honda Canada makes landmark investment in next-gen vehicles

Honda Canada’s nearly $1.4 billion investment will ensure next-generation vehicle models are built here in Ontario by Ontario workers and sold across North America.

Automotive
Electric vehicle plugged in

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

The joint venture between LG Energy Solution (LGES) and Stellantis will invest more than $5 billion to build a facility in Windsor to manufacture batteries for electric vehicles in Canada.

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

OmniaBio supports new biomanufacturing facility in Hamilton

OmniaBio is launching a new biomanufacturing facility, contributing to an overall project investment of over $580 million.

Life Sciences

April

New all-electric BrightDrop commercial vehicle

General Motors of Canada invests in Oshawa and Ingersoll plants

A $2 billion investment by General Motors of Canada Company will 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.

Plus, a $1 billion investment to produce the Bright Drop all-electric delivery van, the first produced by a mainstream automaker in Canada.

Automotive

May

A computer screen showing electric vehicle being designed

Stellantis makes major auto manufacturing investments for Windsor and Brampton

Stellantis made a $3.6 billion investment 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.

Automotive

June

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 will build a $60-million factory in Windsor, Ontario, to supply the North American auto industry with aluminum casings for electric-vehicle batteries.

Automotive
Sanofi

Sanofi to launch Artificial Intelligence Centre of Excellence in Toronto

Sanofi announced 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

July

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 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.

Automotive

October

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 chose 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

There are always new investments happening in Ontario.

Discover more reasons why businesses choose to invest in Ontario.