The Federal Economic Development Agency for Southern Ontario is investing $12 million to advance electric vehicle (EV) technology, with Halton’s B.S.B Manufacturing Ltd. receiving $1.2 million to enhance its operations.
The Federal Economic Development Agency for Southern Ontario is investing $12 million to advance electric vehicle (EV) technology, with Halton’s B.S.B Manufacturing Ltd. receiving $1.2 million to enhance its operations.
This funding is being allocated among six companies, including B.S.B Manufacturing in Burlington, which specializes in producing components for electric vehicles. The investment will aid in modernizing the company’s facilities to support the transition of the Jeep product line, according to B.S.B president Narinder Bhogal. “The Jeep Grand Cherokee, Wrangler, and Gladiator will be available in hybrid versions. This investment will lead to a completely new and more efficient engine evolution,” Bhogal stated.
The funding breakdown includes $5 million for Brampton’s Can Art Aluminum Extrusion Canada Inc., $750,000 for Concord’s Clover Tool Manufacturing, $499,532 for Kitchener’s CMP Automation, $2 million for Mississauga’s Electrovaya Inc., and $3 million for Tillsonburg’s Marwood International.
Oakville North-Burlington MP Pam Damoff emphasized that southern Ontario is a center for automotive manufacturing and innovation. “The Canadian government is committed to supporting our manufacturers as they embrace green technologies, boost production capabilities, and create quality jobs for Canadians,” Damoff noted. “Our businesses and workforce are essential for building a stronger, cleaner, and greener economy.”
Founded in 1976 in Burlington, B.S.B Manufacturing operates a CNC machine facility on John Lucas Drive. The company supplies automotive parts to major clients, including Stellantis (Chrysler), Magna, GM, and Tesla, with products shipped globally. The new Jeep models are expected to be manufactured in the U.S.
Filomena Tassi, minister responsible for the Federal Economic Development Agency for Southern Ontario, remarked, “Companies worldwide are recognizing Canada’s potential, leading to unprecedented foreign direct investment. However, it’s crucial to establish a complete supply chain, and that’s exactly what we are doing here.”
Jeep plans to introduce a fully electric Wrangler by 2028, with an updated hybrid model expected in 2025.
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