News Summary

The Ontario government, alongside private partners, is investing over $56 million in local automotive and mobility companies to strengthen the provincial supply chain and assist domestic businesses in accessing international markets. This initiative includes nearly $39 million from private sector investments and over $17 million from the Ontario Vehicle Innovation Network (OVIN). The funding targets 30 small- and medium-sized enterprises primarily located in the Greater Toronto Area, focusing on electric vehicle charging infrastructure, connected car systems, and autonomous car technology. Notable recipients include Waterloo’s Dejero, Kitchener’s GeoMate, and Toronto’s e-Zinc. This investment aims to solidify Ontario’s position as a leader in the automotive and mobility sectors amidst the ongoing trade tensions with the United States.