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

• Ontario has secured an investment of over $155 million by Hanon Systems, a global automotive parts supplier, to construct a new manufacturing facility in Woodbridge.
• The new Woodbridge facility will be North America’s first e-compressor plant, an essential component for EVs, vital to vehicle performance and safety.
• 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.