Dana Canada Corporation grows production capacity in Ontario with investment to expand EV technologies

With support from Invest Ontario, the investment will provide 105 jobs in Cambridge and Oakville, Ontario

CAMBRIDGE, Ontario, November 16, 2023 – Today, Invest Ontario announced support for Dana Canada Corporation’s investment to grow its advanced thermal management systems manufacturing capacity across two locations in Ontario. This investment will create 105 jobs in the automotive sector by 2025, reinforcing the Cambridge location as a pivotal manufacturing hub within Dana’s Canadian operations, while also supporting the growth of their Oakville Technology Centre.

Advanced thermal management systems are critical for cooling sensitive electronics and batteries in modern electric vehicles (EVs). This strategic investment will boost production capacity, help Dana secure new product mandates and meet the increasingly more complex needs of its customers moving forward. This expansion greatly boosts Ontario's electric vehicle and broader automotive supply chain.

The Invest Ontario Fund is supporting the approximately $60 million (CAD) investment with a $2.5 million grant, furthering the Agency’s commitment to support significant, high-impact, and high-value investments that enhance Ontario's economic resilience and its role as a leader in auto manufacturing.

This investment reflects the ongoing momentum in Ontario’s manufacturing sector, showcasing the successful evolution of the province’s auto industry to meet the rising demand for electric vehicle production in the North American market.

Our government is creating the right conditions for multi-national manufacturers to grow in Ontario and create more good-paying jobs across the province. As Ontario continues to build an end-to-end EV and EV battery supply chain, our government is proud to support manufacturers like Dana in expanding their production capacity and increasing their competitiveness. Thank you, Dana, for continuing to choose Ontario.

Vic Fedeli

Minister of Economic Development, Job Creation and Trade

Battery cooling is essential for the smooth operation and life of Li-ion batteries in EVs. The addition of this product line strengthens the supply chain in the region, as 70 percent of the suppliers to this facility are Ontario-based. The coolers also enhance Canada’s / Ontario’s export market, as they will be delivered to the United States for final assembly into vehicles that will be sold primarily in the U.S., Canada, and Latin America.

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, Invest Ontario

Founded in 1904, Dana operates in 31 countries and is headquartered in Maumee, Ohio. Dana Canada has operated for over 90 years and is headquartered in Oakville, Ontario. It now has four manufacturing facilities and a technical and service centre. Dana Canada and employs over 740 people in Ontario. They are part of a growing number of companies who have found success in the North American market through their operations in Ontario.

Dana is grateful for the support we have received from Invest Ontario as we continue to grow our operations here to manufacture advanced technologies. 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.

Antonio Valencia

Dana president of Power Technologies and Global Electrification

As the automotive heart of Canada and one of the largest auto manufacturing hubs in North America, Ontario's automotive supply chain includes 700+ parts suppliers, 500 tool, die, and mold makers, and over 400 companies dedicated to connected and autonomous development and smart mobility. The dramatic growth of Ontario as a major player in the automotive field is marked by over $27 billion in transformative EV investments in the last three years.

Electric vehicles are re-making the automotive industry and its innovative companies like Dana that have made Waterloo Region a leader in Ontario’s growing EV supply chain. Congratulations to the whole Dana team on its impressive mandate. It was an honour for our team to work with you on this expansion alongside our partners at Invest Ontario and the City of Cambridge.

Tony LaMantia

President & CEO of Waterloo EDC

Invest Ontario works with companies who are looking to expand in Ontario as well as those looking to enter the Ontario or North American market. In the last 18 months the Agency has invested in automotive projects including battery enclosures, motor core components and microLEDs for vehicle screens to bolster the supply chain. Each investment is bringing more jobs to the province and enabling companies to increasing capacity for customers across North America.