Federal government invests in Linamar for green technology project

The federal government announced an investment of up to $169.4 million in Linamar Corp. to support the company’s Innovation Driving Green Technology Project.

The funding, provided through the Strategic Innovation Fund, aims to accelerate the development of green technologies in the automotive sector. This includes electric vehicle (EV) parts manufacturing and a new semiconductor packaging method for EV batteries.

“We are seeing a great deal of opportunity in our market across a broad range of technologies,” said Jim Jarrell, CEO and president of Linamar. “Today’s announcement helps ensure we maximize that opportunity for our employees and our community and is a great signal for the future of the automotive manufacturing sector in Ontario.”

Linamar’s primary goal is to expand its portfolio of advanced electrified products to reduce overall emissions while remaining flexible to evolving market needs. The project will be implemented at the company’s facilities in Guelph, Salford, Welland and Windsor, Ont.

The initiative also includes the development of a new semiconductor packaging method designed to enhance EV range and efficiency while reducing charging times.

Linamar’s Innovation Driving Green Technology Project is expected to create approximately 2,000 full-time jobs and 300 co-op positions, while attracting more than $800 million in private investment. The project will focus on manufacturing next-generation EV and battery technology components.

Canada benefits from access to global markets, a highly skilled workforce, clean energy, world-leading innovation, an established semiconductor industry and critical mineral resources essential for battery supply chains.