Magna expands Ontario EV operations with $471M investment

Magna announced a $471 million investment to expand operations across six locations in Ontario, including a new battery enclosures facility in Brampton and upgrades at five other facilities, expected to create over 1,000 jobs by 2027.

“Magna, one of the world's largest suppliers in the automotive industry, announced today that it will expand its operations across six locations in Ontario with a $471 million investment, expected to create more than 1,000 new jobs by 2027.”quintedevelopment.com

• 1 source
• quintedevelopment.comA $35 million investment will be made in Magna’s lighting division in Belleville creating 100 jobs - Bay of Quinte Economic Developmentcedit_boqedFeb 15, 2023

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