Canada, Ontario Invest $1.1 Billion in Linamar EV Manufacturing

Linamar Corporation is set to invest $1.1 billion in Canadian green auto manufacturing, with support from the federal and Ontario governments, to bolster the electric vehicle (EV) industry. This initiative, which includes a commitment of up to $169.4 million from the Strategic Innovation Fund, aims to develop advanced technologies such as powertrain solutions and semiconductor packaging for EV batteries, creating over 2,300 new jobs. Industry Minister François-Philippe Champagne highlighted that this investment is critical for Canada's economy and environmental goals amid potential trade challenges posed by U.S. tariffs. The project will be executed at Linamar's facilities across Ontario, focusing on enhancing the local EV supply chain. The funding aligns with Canada's broader strategy to lead in clean technologies and increase investments in the automotive sector, which significantly contributes to the national GDP. Overall, the initiative represents a pivotal step towards securing Canada's position in the global EV market.