CANADA NEWS RELEASE: Government of Canada supports six companies boosting EV growth in southern Ontario

Government of Canada supports six companies boosting EV growth in southern Ontario

Federal investment will support the growth of six manufacturers in the electric vehicles supply chain

October 15, 2024

Federal Economic Development Agency for Southern Ontario

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.

The Government of Canada is committed to supporting businesses as they evolve to develop new opportunities in the EV sector and create good jobs for Canadians. Together, we are building a stronger, more sustainable future for everyone.

• 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.

Additional Resources

• • • FedDev Ontario
    • B.S.B. Manufacturing Ltd.
    • Can Art Aluminum Extrusion Canada Inc.
    • Clover Tool Manufacturing Ltd.
    • CMP Automation Inc.
    • Electrovaya Inc.
    • Marwood International Inc.

Media Contacts

Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency
for Southern Ontario
Edward.hutchinson@feddevontario.gc.ca

FedDev Ontario
Media Relations
media@feddevontario.gc.ca

General enquiries:

Phone: 1-833-712-2292
TTY: 613-369-3230
E-mail: financepublic-financepublique@fin.gc.ca