Dana Canada Corporation Expands Oakville-Cambridge, Ontario, Canada, Operations
The investment will include the increase in manufacturing capacity of thermal management systems, a key component for electric vehicle (EV) batteries and electronics.
“Dana is grateful for the support we have received from the province of Ontario as we continue to grow our operations here to manufacture advanced technologies,” said Antonio Valencia, Dana President of Power Technologies and Global Electrification. “Dana’s thermal-management expertise has been led from our Technology Centre in Ontario since the 1950s, so it is exciting to witness the continued growth of this important technology in the province.”
To support this investment, Ontario will provide the company with $2.5 million through Invest Ontario, the government’s investment attraction agency. Dana’s expansion will play a key role in accelerating the province’s Driving Prosperity plan, a 10-year government strategy geared at transforming Ontario’s automotive supply chain and positioning the province as a North American leader in electric and battery EV manufacturing.
"Dana’s reinvestment in Ontario serves as a strong endorsement of the promising opportunities that international companies can find in the province. Invest Ontario remains committed to backing investments that promote innovation across our entire supply chain and attract further investment into the province,” Trevor Dauphinee, CEO of Invest Ontario noted.
Dana Incorporated is an American supplier of axles, driveshafts, transmissions, and electrodynamic, thermal, sealing, and digital equipment for conventional, hybrid, and electric-powered vehicles. The company's products and services are aimed at the light vehicle, commercial vehicle, and off-highway equipment markets.
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