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Mitsui High-tec investing $100 million to expand EV parts plant in Ontario

BRANTFORD, Ont. — Ontario Premier Doug Ford says Mitsui High-tec is investing more than $100 million to expand manufacturing operations in southwestern Ontario that produce a component needed for electric vehicles.
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Ontario Premier Doug Ford attends a news conference at the Bramalea GO Station, in Brampton, on Thursday May 11, 2023. Ford says Mitsui High-tec is investing more than $100 million to expand its manufacturing abilities in southwestern Ontario to make a component needed for electric vehicles.THE CANADIAN PRESS/Chris Young

BRANTFORD, Ont. — Ontario Premier Doug Ford says Mitsui High-tec is investing more than $100 million to expand manufacturing operations in southwestern Ontario that produce a component needed for electric vehicles.

Ford says the investment into the plant in Branftord, Ont., will be used to manufacture motor cores, a piece used to make the motor that powers electric vehicles.

He says the company will open a new facility and create more than 100 jobs.

The province says Mitsui is the only company in sa¹ú¼Ê´«Ã½ that creates motor core parts for electric and hybrid vehicles.

Ford says the province is investing $3.1 million for the expansion.

The investment is the latest in the province's push to become a leader in electric vehicle manufacturing. 

This report by The Canadian Press was first published June 29, 2023.

The Canadian Press