ON Welcomes $155M Boost to Its Growing EV Supply Chain

eAwazLocal News

WOODBRIDGE – The Ontario government is welcoming an investment of over $155 million by Hanon Systems, a global automotive parts supplier, to build a new 284,200 square foot facility in Woodbridge. The new facility will manufacture e-compressors, an essential component for electric vehicles, creating 300 jobs and strengthening the province’s growing end-to-end EV supply chain. “Our province has all of the elements necessary …

Ontario’s 2023 Fall Economic Statement supports growth in province

eAwazLocal News

TORONTO — Minister of Finance Peter Bethlenfalvy released the 2023 Ontario Economic Outlook and Fiscal Review: Building a Strong Ontario Together. This update continues the government’s responsible, targeted approach, providing the flexibility needed to help address ongoing economic uncertainty and build critical infrastructure in growing communities while laying a strong fiscal foundation for future generations. Ontario is seeing significant growth, with …