Government of Canada Supports Six Companies Boosting EV Growth in Southern Ontario
October 22, 2024
Southern Ontario has a growing and competitive electric vehicle (EV) sector. Businesses across the sector are developing advanced technologies to seize new growth opportunities. The Government of Canada is investing in these businesses so they can reach their potential and develop new possibilities for our country.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) visited B.S.B. Manufacturing Ltd. (B.S.B), a Burlington-based machined components and parts manufacturer serving the automotive, agricultural and industrial product markets, to meet with employees and learn about the company’s ongoing shift to manufacture parts for electric vehicles. Minister Tassi was joined by Pam Damoff, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs) and Member of Parliament for Oakville North–Burlington.
To support this transition, B.S.B. is receiving $1.2 million to seize future growth in the industry with the addition of new automated production equipment and facility upgrades. This will increase the company’s capacity to produce EV and hybrid vehicle components and fulfill new contracts within the EV industry.
This funding is part of a combined investment of more than $12 million to help six manufacturers scale up EV production: B.S.B. Manufacturing Ltd., Can Art Aluminum Extrusion Canada Inc., Clover Tool Manufacturing Ltd., CMP Automation Inc., Electrovaya Inc. and Marwood International Inc. By expanding production capabilities and adopting new equipment, Ontario companies are meeting the growing demand for innovative production capabilities to feed the EV supply chain. Additional information on these projects is included in the backgrounder.
Quick facts
- Established in 1976 in Burlington, B.S.B. Manufacturing Ltd. is a Tier 1 & 2 automotive supplier to major customers such as Stellantis (Chrysler), Magna, Tesla and GM.
- Founded in 1988 and headquartered in Brampton, Can Art Aluminum Extrusion Canada Inc. has emerged as a leader in designing and producing housing units and components for EV batteries at its Lakeshore, Ontario facility, used in a significant number of EVs in North America.
- Concord-based Clover Tool Manufacturing Ltd. was established in 1979 and is a supplier of tooling, stampings, and welded and mechanical assemblies for automotive and other industries.
- Founded in 1988, Kitchener-based CMP Automation Inc. provides custom automated manufacturing equipment and solutions to various industries, including nylon tubing used in the automotive industry.
- Established in 1996, Mississauga-based Electrovaya Inc. is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by manufacturing safe and long-lasting lithium-ion batteries for heavy-duty vehicles and battery systems.
- Incorporated in 1990, Tillsonburg-headquartered Marwood International Inc. is an award-winning stamping and assembly company that manufactures a full range of automotive components, such as structural assemblies, rear-end components, roof and sunroof components, and more.
- Since 2015, FedDev Ontario has invested more than $86.9 million in 26 EV-related projects, creating and maintaining more than 2,250 jobs.
