Dana Canada Corporation, a leading manufacturer in drivetrain and electric propulsion motor systems, is making a significant investment to expand its manufacturing capacity for thermal management systems, a crucial component for electric vehicle (EV) batteries and electronics. The investment, totaling approximately $60 million CAD, will be utilized to enhance operations at Dana's facilities in Oakville and Cambridge. This expansion effort is part of Ontario's broader strategy to build an end-to-end EV and EV battery supply chain, positioning the province as a leader in electric and battery EV manufacturing.
Dana's investment is expected to create 105 new jobs in the communities of Oakville and Cambridge. The Ontario government is supporting this initiative by providing the company with $2.5 million through Invest Ontario, the government's investment attraction agency. The expansion aligns with Ontario's Driving Prosperity plan, a 10-year strategy aimed at transforming the province's automotive supply chain and fostering growth in the electric vehicle sector. Over the past three years, Ontario has attracted over $27 billion in transformative investments from global automakers, parts suppliers, and manufacturers in the electric vehicle ecosystem.
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