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The latest #OVIN Insights report is out! As the only subnational jurisdiction that is home to five major automakers—Ford, General Motors, Honda, Stellantis, and Toyota—Ontario’s #automotive and #mobility sector is an engine of economic growth. Take a deep dive into the economic impact of the auto sector and discover: 💲Transformative investments from global industry leaders now amounting to over $43 billion 📈How the auto sector is driving: GDP growth, increased employment, and international trade 🔋Ontario’s robust automotive ecosystem and its role in reinforcing the province’s position as the global automotive & mobility hub of the future 🔗Read the report: https://lnkd.in/gepR4Kuu Victor Fedeli ONeconomy | ÉconomieON Prabmeet Sarkaria Ontario Ministry of Transportation/ Ministère des Transports de l’Ontario Ontario Government | Gouvernement de l’Ontario

It’s official – Honda announced today that it will invest $15 billion to create Canada’s first full electric vehicle supply chain in #Ontario which will include #EV assembly, #battery cell manufacturing, #cathode active materials production and separator #manufacturing. This is the single-largest and most comprehensive #EV supply chain investment announced in North America. With this announcement, #Ontario has secured over $43 billion in #EV and #battery related investments since 2020. The world is taking notice as #Ontario leads the charge towards an #electric future! Congratulations to everyone involved in securing this historic investment. It has been a privilege to work with Honda and all the partners across governments to make this possible. Onwards and Upwards! Tom Bedford Dacian Petrescu Carrie Manchuk Stephen Kobryn Owen Casselman Michal Matyjewicz, MCIP, RPP Huy Thai Honda Canada Inc. Honda of Canada Mfg. ONeconomy | ÉconomieON Innovation, Science and Economic Development Canada Invest Ontario Invest in Canada | Investir au Canada #ontario #canada #honda #manufacturing #electricvehicles #automotive #mobility #criticalminerals #batterymanufacturing #batteries #battery #batterytechnology #autonomousvehicles #connectedvehicles

The latest report in our OVIN Insight series provides a comprehensive overview of Ontario’s automotive sector and its significant contribution to province’s economy. This report also offers an in-depth analysis of the five original equipment manufacturers (OEMs) based in Ontario, highlighting how the automotive sector drives GDP growth, increases employment, and enhances international trade. Read the report here: https://lnkd.in/gepR4Kuu

Honda & Ontario Forge Major EV Deal, Electrifying Canada's Future ⚡️🇨🇦 Canada's auto industry is shifting into high gear! Honda and the Ontario government have struck a monumental deal – potentially the largest in Canadian history – to invest billions in electric vehicle (EV) production. This collaboration promises to supercharge Canada's EV ambitions. Details are still emerging, but leaks suggest a multi-pronged approach: New Facilities: Construction of multiple facilities across Ontario dedicated to battery production, processing key components, and assembling EVs themselves. Honda's Strategic Move: This secures Honda's long-term presence in Canada and gives them a competitive edge in the burgeoning North American EV market, capitalizing on government incentives to rival the US Inflation Reduction Act. Ripple Effect: The Automotive Parts Manufacturers' Association (APMA) anticipates a surge in supplier interest, potentially creating a significant number of jobs throughout the automotive supply chain. However, this exciting development comes with some lingering questions: Subsidies: The exact nature and extent of government financial support remains unknown. While proponents argue it's necessary to keep pace with the US, critics raise concerns about long-term sustainability. Environmental Impact: The shift to cleaner transportation is undeniable, but the construction and energy consumption associated with new facilities require transparent environmental regulations and sustainable practices. Overall, this deal marks a significant leap forward for Canada's EV aspirations. The potential benefits for job creation, economic growth, and technological advancement are substantial. But ensuring a clean and sustainable future requires careful consideration of the financial and environmental implications. Will this partnership spark a truly clean automotive revolution in Ontario? Only time will tell. #Canada #ElectricVehicles #Honda #Ontario

🚗 The Volkswagen Group reported a 23% growth in electric vehicle deliveries in China and intends to maintain this leadership. 🎯 Additionally, the group has significant plans for the North American market. What are its objectives? Full story 👉 https://lnkd.in/d3Gi5iqs 📲 Follow us on our social media: INSTAGRAM | Mobility Portal: https://lnkd.in/dpb3wPqi INSTAGRAM | Mobility Portal EU: https://lnkd.in/d6qE9TVK TWITTER: https://lnkd.in/d7bAmMbr 💡 Mobility Portal Group helps you connect with key players in the sustainable mobility sector. If you want to position your brand and stay updated on the latest trends, contact us at commercial@mobilityportal.eu Oliver Blume Sascha Scholz Karen Li Jeannine Binsfeld Olaf Gutowski Jozef Balaz Thorsten Godulla Suny Kim Ralf Brandstätter Sven Hunfeld Steffen Reiche Henning Schindler Bastian Burrer Matthias Marufke 马富可 Katharina Seifert #EV #electriccars #renewableenergy #enviroment #zeroemissions #emobility #sustainablemobility #electricmobility #electromobility #chargingpoints #Europe

The European automotive sector is unter pressure from new competition from mainly China and at the same time it has to manage additional cost pressure because of EU-regulations. More than ever, agile and innovative teams are needed at all levels in the organisation to change fast enough to meet the competition eye to eye. Read my thoughts on this and what the OEMs and automotive suppliers can do to change at a faster pace. #boyden #executivecoaching #executivesearch #automotive #electrification #BEV #carindustry

Big news from the automotive world 🚗! Honda’s making serious moves in the electric vehicle sector, announcing plans to locate its North American supply chain in Alliston, Ontario. With an impressively hefty estimated investment of $15 billion, Honda is set to firmly establish itself in Canada. The automaker's commitment is palpable as the plan includes not just an assembly plant, but a development plant for electric vehicle batteries and cathodes as well. So why Alliston? Here are a few interesting factors in favor of the location: • Availability of highly skilled workforce • Favorable economic policies • Presence of leading research facilities • Strategically positioned within Canada Why does this matter? In response to an increasingly aware market, car manufacturers are transitioning to sustainable alternatives quicker than we expected. Honda's initiative is a substantial move towards meeting the growing demand for EVs. We're watching the auto-industry transform right before our eyes. Imagine the impact of today's shifts ten years down the line👀! ✔️ More infrastructure for EV ✔️ Increased research and development in the EV space ✔️ New job opportunities ✔️ A potential boost to the local economy This is a shining example of the exciting direction our industry is heading. We're not just talking about cars anymore— we're deciding the future of how we move. What an exhilarating moment to be a part of this journey 🚀! Honda’s commitment to North America reveals the upcoming potential within the EV market. Let’s get ready to see where this takes us. Gear up your ignition process! The era of electric vehicles is not a distant dream anymore. We're on full throttle towards a cleaner future! 🚀 💚 What impact do you think this $15 billion investment will have on the EV market, or the automotive industry as a whole? -honda -electricvehicles -supplychain -investment -automotiveindustry -innovation -sustainability -cleanenergy -Alliston -Canada - original source: https://lnkd.in/ganpXd4n

REALLY EXCITING NEWS out of Alliston, Ontario this morning! Honda Canada has announced a $13 Billion investment for 4 plants for EV and Battery production with both Ontario and Federal governments investing $2.5 Billion each! We're being told this is the largest automotive investment ever in Canada! Have no way of fact checking this, but not sure if value of money at date invested is compared to value today, but in either case this is a BIG deal! In some ways even more exciting is Honda CEO Toshihiro Mibe's vision to create a fully circular supply chain from raw battery materials through to reuse of spent battery materials here in Canada! Cheers! Honda to get up to $5B in govt help for EV battery, assembly plants Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money. The two plants are expected to create 1,000 jobs on top of retaining the existing 4,200 jobs at the assembly plant. https://lnkd.in/d235irxq #automotive #investment #news #Ontario #circular #supplychain #leadership

North America's auto industry boasts a highly integrated supply chain, fostering interdependence among its member countries. Mexico contributes a significant 22% of the region's car production, and these vehicles feature a high level of regional content. This interconnectedness is further highlighted by the fact that over half of North American trade involves intermediate goods (Brookings) – the essential parts and components that make up these vehicles. Download the e-book here: https://lnkd.in/eYQ2xqCc #AutoIndustry #NearShoring

#Mexico has played a pivotal role in the North American #automotive story. The current transition to electromobility is opening a new chapter in the region. Did you know? 💡 Mexico is the leading autoparts exporter to the U.S. 💡 Mexico is the 2nd largest export market for U.S.-made heavy trucks 💡 Fifteen passenger car OEM's produce in Mexico* 💡 Mexico's auto industry employs over 1 million professionals North America's auto industry boasts a highly integrated supply chain, fostering interdependence among its member countries. Mexico contributes a significant 22% of the region's car production, and these vehicles feature a high level of regional content. This interconnectedness is further highlighted by the fact that over half of North American trade involves intermediate goods (Brookings) – the essential parts and components that make up these vehicles. New legislation in the U.S., including incentives, is driving the auto industry's transition to electromobility. 💡 About 100,000 EVs were manufactured in Mexico in 2023 💡 The EV battery pack accounts for about 1/3 of the vehicle cost 💡 More than 170 suppliers (Tier 1 & 2) of electromobility and electrification components are already established in Mexico. Energy concerns throughout North America will be central discussions as the industry transition continues. Read more and download the e-book here: https://lnkd.in/g7WmxE2B *Including the Tesla announced factory.