Ontario Welcomes Siemens’ $150 Million Investment in Oakville

• Siemens’ $150 million investment in Oakville is a clear sign that our government continues to cultivate the conditions for both domestic and international companies to invest and grow in Ontario.
• Building on Siemens century long presence in Ontario, the R&D Center will focus on developing cutting-edge AI manufacturing technologies that will support EV battery production. Ontario is supporting this investment with $7.2 million through Invest Ontario’s signature Invest Ontario Fund.
• The project will create up to 90 new, good-paying jobs across the province and link Siemens with Ontario’s existing innovation ecosystem including Canadian companies, start-ups and world-class universities.
• Over the last four and a half years, Ontario has attracted over $46 billion in new investments across the vehicle manufacturing and the EV battery supply chain.
• Ontario is a leading AI hub of talent, with nearly 1,800 AI Masters enrollments and over 1,100 graduates in 2023. Home to approximately 400 specialized AI and technology companies, Ontario is driving innovation and generating more than 8,500 high-paying jobs through its exceptional talent and cutting-edge expertise.