When we invest in Canadian manufacturing, we invest in workers, in communities, and in our economy. Last year alone, companies invested billions of dollars in our clean auto sector, creating and securing tens of thousands of good jobs and growing our economy.

Today, the Prime Minister, Justin Trudeau, and the Premier of Nova Scotia, Tim Houston, announced that their governments are working closely with tire manufacturer Michelin to help support a $300 million project to modernize their Nova Scotia facilities to use technological innovation to manufacture more efficient tires, including tires for electric vehicles, and cut emissions from operations in the process through electrification.

Pending a final agreement, Michelin could receive up to $44.3 million in federal funding through the Strategic Innovation Fund. Michelin will also receive a provincial tax credit of about $61.3 million over five years from the Province of Nova Scotia toward their expansion. Through this project, Michelin expects to secure 3,600 good middle-class jobs across the company's three plants in Bridgewater, Pictou, and Waterville, Nova Scotia, as well as create dozens more.

From mining and processing critical minerals like lithium and aluminum, to building batteries, assembling cars, and manufacturing tires, the Government of Canada is attracting investment all along the electric vehicle value chain. Michelin's investment is another vote of confidence in Canadians and in Canada – a world leader in manufacturing electric vehicles.

Thanks to the talent and abundance of highly skilled workers and key government investments, we are continuing to build a strong economy that benefits all Canadians. Today's announcement is yet another step toward a healthier future with clean air and good jobs for generations to come.

"Companies understand the excellence of Canada's workers and auto sector – and today's announcement is a testament to that. Here in Nova Scotia, we are once again seeing that when we invest in our workers, we build communities and an economy that works for everyone, while leaving a stronger, healthier future for our kids."
— The Rt. Hon. Justin Trudeau, Prime Minister of Canada

Quick Facts

• Since 2020, Canada has attracted over $17 billion in investments by global automakers and suppliers of electric vehicles batteries and battery materials, securing over 17,000 good middle-class jobs across the country.
• Michelin has been manufacturing tires in Nova Scotia since 1971, and currently operates three interdependent tire manufacturing plants in the province.
• Michelin is one of the largest private sector employers and the single largest exporter in Nova Scotia.
• The auto sector in Canada supports nearly 500,000 workers, contributes $16 billion annually to our gross domestic product, and is one of the country's largest export industries.

SOURCE: Prime Minister's Office

* * *