Guelph, Ontario
Investments in zero-emission vehicles, battery technologies and semiconductors play a key role in making Canada a world leader in clean technologies. These investments are not only supporting Canada's shift to a net-zero economy but also creating and maintaining good jobs across the country, promoting growth in the automotive sector, securing battery supply chains, and supporting Canada's role as an important supplier of semiconductor technologies.
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of up to $169.4 million in Linamar Corporation through the Strategic Innovation Fund. The funding will support Linamar's Innovation Driving Green Technology Project, which aims to accelerate the development of green technologies in the automotive sector, such as electric vehicle (EV) parts manufacturing and semiconductor packaging methods for EV batteries. Linamar's primary goal is to expand its portfolio of advanced electrified product offerings that reduce overall emissions, while at the time staying flexible to the needs of the end market as technologies evolve. The project will be implemented at Linamar's Ontario facilities located in Guelph, Salford, Welland and Windsor. This project will also involve the development of a new semiconductor packaging method, which will enhance the range and efficiency of EVs and reduce the time for a full charge.
Today's announcement builds on key agreements signed over the last year, which are attracting billions of dollars in investments and creating high-quality jobs in Canada's critical minerals, battery manufacturing and EV sectors. Linamar's Innovation Driving Green Technology Project will create approximately 2,000 full-time jobs and 300 co-op positions, and it will bring over $800 million in private investments. The project will focus on manufacturing the next generation of EV and battery technology parts. Canada has everything to be a global leader in battery manufacturing: access to global markets, a highly talented workforce, clean energy, world-leading innovation, a long-established and innovative semiconductor industry, and all the critical mineral resources necessary for battery supply chains. This project will further strengthen Canada's electric vehicle ecosystem and economy for years to come.
