Siemens Invests $150M in Canadian Battery R&D Facility

Siemens has announced a $150 million investment to establish a Global AI Manufacturing Technologies Research and Development (R&D) Center for battery production in Canada, specifically at its headquarters in Oakville, Ontario, and in Toronto and Kitchener-Waterloo. The facility will focus on developing AI technologies to enhance battery efficiency and production processes for electric vehicles (EVs), creating up to 90 new jobs in the region. This initiative aims to improve the quality and productivity of battery production while also fostering collaboration with universities and battery manufacturers. According to Siemens executives, the investment reflects confidence in Canada's qualified workforce and its potential to be a global leader in the battery manufacturing sector. The project is also supported by funding from the Ontario government, which is keen to strengthen the province's position in the EV supply chain. Overall, this development is expected to contribute significantly to Canada's economic growth and its competitiveness in the global battery market.