The Ontario government is welcoming a $35 million investment by Bobaek America, a Korean electric vehicle (EV) parts manufacturer, to build a new manufacturing facility in Windsor.
The new facility, spanning 71,000 square feet, will specialize in producing battery insulation panels and cell sheets for EVs. It’s expected to open in June 2024 and will create 144 new jobs in the region.
Various machines will be used to produce insulation panels and cell sheets required for EV batteries, including pressure moulding and sensor cutting machines, tape assembly lines, silicon pad cutting machines, packing automation lines, and 3D measuring equipment.
As part of this investment, the government is providing $1.5 million in funding through the Regional Development Program’s Southwestern Ontario Development Fund.
“We are pleased to announce that Bobaek is establishing its first North American manufacturing hub in Windsor, Ontario,” said Dongjo Seo, president of Bobaek, C&S Headquarters. “The plant’s output is expected to cover the entire North American market. We would like to express our deepest gratitude to all the individuals who have provided assistance in enabling us to settle in Windsor.”
Through the Regional Development Program, Ontario is investing $140 million to help companies like Bobaek establish and grow their operations within the province. To date, Ontario has provided more than $120 million to support more than 100 projects through the program, leveraging more than $1.2 billion in new investments and helping to create more than 2,300 jobs in the province.
Filed Under: Technology News