Ontario Welcomes $155 Million Boost to Province’s Growing Electric Vehicle Supply Chain
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 to build the electric vehicles of the future, including leading global parts manufacturers like Hanon Systems who are continuing to choose Ontario to expand and grow their operations,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Hanon System’s investment in Woodbridge will create hundreds of local jobs for our world-class auto workers and strengthen our reputation as a North American leader in automotive manufacturing.”
Headquartered in South Korea, Hanon Systems is a leading global automotive thermal management supplier for electrified mobility. Ontario became home to Hanon Systems’ first manufacturing site in 1989. The company now employs over 970 employees across their Belleville and Concord facilities, supplying automakers throughout North America.
The new Woodbridge facility will be North America’s first e-compressor plant, with the capability to produce up to 900,000 e-compressors annually. In support of this investment, Ontario is providing Hanon Systems with $10 million through its Invest Ontario Fund.
“We are pleased to expand our manufacturing presence in Ontario to increase proximity to vehicle manufacturers and better meet customer demand,” said Nurdal Kücükkaya, President and co-CEO of Hanon Systems. “This expansion also demonstrates our commitment to growth and proves customer confidence in our ability to deliver electric compressors to the market.”
Over the last four years, Ontario has attracted $45 billion in new investments from global automakers, parts suppliers, manufacturers of EV batteries and battery materials. Ontario’s leadership in the automotive industry, its competitive business costs, talented workforce, state-of-the-art research and development facilities, clean steel manufacturing and abundance of critical minerals make it one of the most competitive jurisdictions for international automotive manufacturers to invest and grow.
Quick Facts
- Ontario met with Hanon Systems during a successful trade mission to South Korea in 2022 to showcase the province’s attractive business environment and world-class workforce.
- The Ontario government has provided an additional $100 million to the Invest Ontario Fund for a total of $600 million to attract more leading companies to the province and further support domestic businesses to create more good-paying jobs.
- Ontario’s auto manufacturing sector supports over 120,000 direct jobs and hundreds of thousands of indirect jobs across the province. It includes over 700 parts firms, over 500 tool, die, and mold makers, and over 400 connected and autonomous vehicle companies. The province is the only place in North America where five major automakers build their vehicles, including Honda, Toyota, Ford, General Motors, and Stellantis.
Author: Pete Fisher
Has been a photojournalist for over 30-years and have been honoured to win numerous awards for photography and writing over the years. Best selling author for the book Highway of Heroes - True Patriot Love