Why Ontario Industry Minister Fedeli says 2023 auto investment could top 2022

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Ontario will continue its winning streak in attracting multibillion-dollar electric-vehicle supply chain investments next year, with a second battery plant “absolutely” destined for the province, says Industry Minister Vic Fedeli.

“I suspect that you’re going to hear good news coming out of Ontario in the near future about all of these, whether it’s parts, the battery parts or all of the above,” Fedeli said in the upcoming Jan. 6 Automotive News Canada podcast.

While Quebec also is considered a contender for the plant, Ontario is generally viewed as the frontrunner. Fedeli as well as his federal counterpart, Francois-Philippe Champagne, have met with auto executives in Europe and Asia, in a bid to sell Canada as the ideal destination for their mines-to-mobility EV investments.Meetings have been held with automakers, including Volkswagen, BMW, Mercedes-Benz as well as Toyota, Honda and battery makers, such as Panasonic, said Fedeli.

 

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