Hanon Systems EFP Canada Ltd.

$10,000,000.00 CAD

≈ $0.24 for every person in Canada ≈ 129 Canadians' average pay for a year
Department
Innovation, Science and Economic Development Canada
Program
Strategic Response Fund
Recipient country
Canada
Fiscal year
2025-2026
Agreement period
February 24, 2026 – January 1, 2046
Reference
ic:033-2025-2026-Q4-819855

Published purpose

Hanon’s project will construct a manufacturing plant for electric compressors (e-compressors) for electric and hybrid vehicles and construct a co-located product development, testing and validation center. The project’s work phase is scheduled to end on December 31, 2026.

In plain English AI-generated

This grant supports Hanon Systems EFP Canada Ltd. in constructing a manufacturing plant for electric compressors for electric and hybrid vehicles, along with a co-located product development, testing, and validation center in Canada, with work expected to end by December 31, 2026.

Category: Infrastructure Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported August 3, 2026 from open.canada.ca Grants & Contributions