A local auto parts manufacturer is preparing to ramp up production.
Ontario Premier Doug Ford has announced that Magna International, which operates two plants in Belleville, is investing $471 million in electric vehicle production in Ontario.
“This investment represents another tremendous show of confidence in the growing strength and resilience of our province’s auto sector,” said Premier Doug Ford. “Together, with our industry partners, we’re putting Ontario back on the map as we build up Ontario’s electric vehicle supply chain from mining to manufacturing. The cars of the future and the batteries that power them will be built right here in Ontario, by Ontario workers.”
Most of those funds are being put into a new electric vehicle battery enclosure facility in Brampton, but they are also planning investments to expand their existing facilities in Belleville, Guelph, Windsor, Newmarket, and Penetanguishene.
An investment of $35 million is planned for their operations in Belleville and is expected to include 100 new jobs.
The investment furthers the Ontario Government’s agenda to transform Ontario’s automotive industry from producing gas-powered cars to electric cars over the next 10 years.
