TORONTO — The Ontario government continues to invest in the province’s auto parts supply chain with another round of investments through the Ontario Automotive Modernization Program (O-AMP). The province’s more than $5.5 million additional O-AMP investment will help boost competitiveness and position Ontario as a North American hub for developing and building the cars of the future.
O-AMP is a centrepiece of Phase 2 of Ontario’s 10-year vision in the strategic plan Driving Prosperity ― The Future of Ontario’s Automotive Sector. Phase 2 of the plan demonstrates the government’s commitment to transform the province’s automotive supply chain to build the cars of the future, including the production of hybrid and battery electric vehicles, EV battery and component production, and increasing exports of Ontario-made auto parts and innovations. Phase 2 puts Ontario on a path to becoming one of the most vertically integrated automotive jurisdictions in the emerging North American EV market.
Read more HERE: https://news.ontario.ca/en/release/1002112/the-ontario-government-continues-to-invest-in-the-provinces-auto-parts-supply-chain
