Linamar invests $1 billion to expand EV production in Ontario

Linamar Corporation has announced a $1 billion investment in its Ontario operations, aimed at expanding the production of key automotive components, including technologies for electric vehicles (EVs) and hybrid systems. The initiative is expected to create over 2,300 new jobs while protecting approximately 10,000 existing positions in the automotive sector. Support from both the federal and Ontario governments includes a combined investment of $269.4 million, emphasizing their commitment to strengthening Canada's automotive manufacturing landscape. Linamar's plans involve advancements in powertrain technology, semiconductor packaging for EV batteries, and production of eAxle systems. The investment also supports innovations in hydrogen fuel cells and battery storage technologies, positioning Ontario as a leader in the evolving global automotive market. Ontario's Minister of Economic Development, Vic Fedeli, highlighted the importance of this investment in promoting resilience and innovation in local supply chains.