SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
October 25, 2022 10:15AM
  • Oct/25/22 10:50:00 a.m.

This mission was an opportunity to re-engage with trusted partners in South Korea and Japan. It was great to meet with LG Energy Solution in Korea to personally thank them for their $5-billion investment in Windsor. In fact, we were in Windsor last week and saw the massive site, as their 4.5-million-square-foot building is under way. Thousands are working there during construction, and 2,500 men and women will go to work there for the very first time at that plant.

We also used the opportunity to engage with a number of other Korean suppliers for the historic LG investment in Japan. We met with Toyota and Honda where we personally thanked Honda for their $1.4-billion investment in Alliston.

We’re continuing to build on the $16 billion of Ontario auto investments in the last 20 months, and now even more companies know that if they’re in the EV business, they need to be in Ontario.

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  • Oct/25/22 11:00:00 a.m.

Here’s what we heard from the EV sector in Japan and South Korea: They told us that in this world filled with turmoil, they view Ontario as a sea of calm—a stable, a reliable, a trusted jurisdiction. They also said Ontario is viewed as a safe place—safe for their employees, safe for their families. They know that Ontario has everything they need for success: a full EV value chain. That includes critical minerals and refining, resources traditionally they rely on from China and Russia; 94% clean energy, very different from making a battery in Kentucky, where there is 6% clean energy. We have skilled trades, 65,000 STEM grads, AI and quantum computing, and public health—end to end, everything an EV company needs to be successful. That’s the reputation Ontario now has around the world.

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