$16B auto sector overhaul - Ontario It has been an electric spring for Canada's automakers with more than $13 billion promised in just eight weeks to build the needed battery supply chains and shift production from combustion-engine to plug-in vehicles.
That is on top of another $3.5 billion promised in the last four years, including investments to make electric school and transit buses, produce and process critical minerals needed to make batteries, for research and development facilities to push electric vehicle innovation and for retooling assembly lines at major car plants including Stellantis, Ford, General Motors, Honda and Toyota.
With 500,000 jobs and a $16-billion contribution to Canada's GDP, the auto sector is a critical part of the Canadian economy.
This is good news for the energy transition in Canada and assures Frontier Lithium a part of the equation!
One blogger said 5$ for june....I say 7$ for september.....this is not an advice for investment purposes....