Posted on 04 Feb 2025
Manufacturer Linamar Corporation has agreed with the Canadian government and the Ontario provincial government to invest CAD 1.2 billion ($820 million) in e-mobility.
Linamar, which is based in Guelph, Ontario, will provide CAD 1 billion, while the federal government and the provincial government will contribute CAD 169m and CAD 100m, respectively.
The funding will be channelled into both product research and development as well as expanding and retooling Linamar’s facilities across Ontario, Kallanish learns. Overall, the investment is projected to support 10,000 existing jobs and create 2,300 new jobs.
The programme is intended to improve parts manufacturing and semiconductor packaging methods for EV batteries, with the purpose of enhancing vehicle range, improving efficiency and reducing charging times.
It will cover a portfolio of electrified transport technologies, including hybrid propulsion systems, battery electric solutions, inverter and semiconductor research, energy storage systems, and fuel cell systems such as a hydrogen gas storage tank for fuel cell vehicles. Another element of focus is Linamar’s eAxle systems, which are installed in hybrid and electric powertrains for vehicles of all sizes.
Ontario hosts a well-established EV production ecosystem, which has received over CAD 46 billion in auto and EV‐related investments from local and international companies. The local auto manufacturing sector has over 100,000 people working for 700 parts firms, 500 tool, die, and mould makers, and 400 connected and autonomous vehicles companies.
Source:Kallanish