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Boosting Canada’s EV sector

From mining critical minerals to building cars and batteries, Canadian businesses and workers are attracting historic investments to help secure and create jobs, grow our economy, and keep our air clean. In the last four years, automotive and battery makers have announced more than $31 billion in investments in electric vehicle (EV) manufacturing across Canada. They want a reliable partner with world-class talent, and this is exactly what we have to offer.

I was honoured to join Prime Minister Justin Trudeau, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, and many of my colleagues to welcome a nearly $15 billion investment from Honda Canada. This historic milestone will help create Canada’s first comprehensive EV supply chain with four new manufacturing plants in Ontario and a standalone battery manufacturing plant located in Alliston, Ontario.

Honda’s investments in an EV assembly plant and battery manufacturing plant in Alliston will create over one thousand well-paying manufacturing jobs in Ontario, with thousands of additional indirect jobs in Ontario and across Canada, including during construction and within Ontario’s auto parts supplier and research and development ecosystems.

This is the latest in a series of historic investments Canada has attracted across our EV supply chain, from mining to manufacturing. With Honda’s new project, these investments now total more than $46 billion since 2020. They also include, among others:

  • $7 billion for a new EV battery manufacturing facility built by Northvolt Batteries North America in Saint-Basile-le-Grand in McMasterville, Quebec.
  • $7 billion for Volkswagen’s first overseas EV battery manufacturing plant, in St. Thomas, Ontario.
  • Over $5 billion from Stellantis and LG Energy Solution to create a joint venture for the manufacturing of EV batteries in Windsor, Ontario.
  • $1.8 billion for Ford’s repurposed battery-EV production plant at its Oakville Assembly Complex in Ontario.
  • $1.5 billion for Umicore to build a new world-leading net-zero facility in Loyalist Township, Ontario, which will produce essential components of EV batteries.
  • $1.2 billion for a new battery materials production plant in Bécancour, Quebec, built by a consortium formed by the Ford Motor Company and South Korea’s EcoProBM and SK On.
  • $600 million for a CAM facility to be built by a joint venture between General Motors and POSCO Future M Co., Ltd. in Bécancour, Quebec.

Honda’s investment in Alliston, Ontario is a strong vote of confidence in Canada and Ontario’s highly skilled workers, strong economies, and competitive business environments.

Canada’s auto sector has been an engine of economic growth, driving innovation, and creating good middle-class jobs. As the demand for EVs continues to grow, we will attract even more investment and position our auto, battery manufacturing, and battery material production industries as global leaders across the entire EV supply chain, to create economic growth and opportunities now and for generations to come.

Tony Van Bynen

Member of Parliament for

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