Ontario Highlights Growing Automotive Sector During Investment and Trade Mission to Germany and Poland

The government of Ontario has completed a successful investment and trade mission to Germany and Poland to promote the expanding automotive industry in the province and investigate new investment and job-creation opportunities. The mission, drove by Vic Fedeli, Clergyman of Monetary Turn of events, Occupation Creation and Exchange, included gatherings with German automakers Volkswagen and Mercedes-Benz.

“We keep on reinforcing Ontario’s start to finish EV production network by building a serious business climate that draws in speculations from organizations all over the planet,” said Priest Fedeli. ” These ventures will make all the more great paying position for laborers across our car production network and drive monetary development.”

In order to express their gratitude to the Volkswagen Group for its historic $7 billion investment in St. Thomas, the future site of Volkswagen’s first overseas battery cell manufacturing plant, Ontario representatives met with PowerCo SE in Salzgitter and the senior leadership of Volkswagen Group in Wolfsburg. During the meeting, we talked about potential future collaborations with the company as they expand their presence in Ontario. In addition, the province is collaborating with Volkswagen to organize a suppliers’ day to assist in locating Ontario suppliers for the new battery cell plant. This will ensure that businesses in the entire province will be able to reap the benefits of Volkswagen’s significant investment.

Meetings with executives from Mercedes-Benz and global suppliers of automotive parts ElringKlinger and Eberspaecher Group to promote Ontario as a leading investment destination were additional highlights of the mission. Eberspaecher has subsidiaries in Mississauga and Concord, and ElringKlinger currently operates a manufacturing facility in Leamington.

Trevor Dauphinee, CEO of Invest Ontario, stated, “Ontario is an industry leader in the automotive and electric vehicle sectors.” Contribute Ontario is laser-centered around encouraging a unique start to finish production network, upheld by our noteworthy resources, including more than 700 sections providers, and 500 gifted device, kick the bucket, and form creators.”

Ontario officials also met with government officials from the German state of Baden-Württemberg, building on the success of the province’s investment and trade mission in 2022. Ontario and Baden-Württemberg share a nearby monetary relationship that was formalized in a Notice of Figuring out (MOU) first gave up quite a while back. The Memorandum of Understanding, which was last updated, encourages collaboration on projects in a variety of fields, including electric vehicles and the automotive industry.

According to Baden-Württemberg Minister of Economic Affairs, Labour, and Tourism Dr. Nicole Hoffmeister-Kraut, “Ontario and Baden-Württemberg are economic powerhouses and global centers for the auto industry.” During this period of auto industry transformation, we are delighted to investigate opportunities to strengthen trade and investment ties, particularly in the EV and EV battery sector.

With its serious business climate, top notch labor force, cutting edge innovative work offices, and overflow of basic minerals, Ontario keeps on being an ideal spot for organizations overall to contribute and develop.