Hanon Systems Invest $155 Million in York Region to Strengthen Ontario’s Growing Electric Vehicle Supply Chain

Ontario has secured an investment of over $155M by Hanon Systems, a global #auto parts supplier to build a new manufacturing facility in York Region.

The new facility will be North America’s first e-compressor plant, an essential component for EVs, vital to vehicle performance and safety. This new plant is to be located in Vaughan and will create 300 good-paying jobs at their new facility.

The project is a strategically important piece of Ontario’s growing EV supply chain. Our government is supporting the investment with a $10 million grant through the Invest Ontario Fund.

Over the last four years, Ontario has attracted over $45 billion in new investments from global automakers, parts suppliers, and manufacturers of EV batteries and battery materials.

Learn More: https://news.ontario.ca/en/release/1005236/ontario-welcomes-155-million-boost-to-provinces-growing-electric-vehicle-supply-chain