Agreement Value:
$23,000,000.00
Agreement Date:
Apr 18, 2026 - Sep 30, 2038
Description:
This project will support the establishment of a research and development (R&D) center for battery production in Canada. This centre will focus on pioneering automotive R&D development aimed at advancing battery efficiency and production methods. The project’s work phase is scheduled to end on March 31, 2030.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will allow the company to develop and commercialize advanced manufacturing technologies to strengthen Canada’s battery value chain. The technologies developed at the facility will address critical barriers in the global battery sector and increase Canada’s competitiveness in the battery ecosystem.
Location:
Oakville, Ontario, CA L6H 0H6
Reference Number:
033-2026-2027-Q1-820149
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
868220450
Recipient Type:
For-profit organization
Recipient's Operating Name:
Siemens Canada
Recipient's Legal Name:
Siemens Canada Limited
Federal Riding Name:
Oakville
Federal Riding Number:
35072
Program:
Strategic Response Fund
Program Purpose:
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.