South Korean EV parts manufacturer Bobaek America is bolstering the electric vehicle battery supply chain in Windsor-Essex by constructing a $35-million battery parts plant in the region. The facility, spanning 71,000 square feet, will produce insulation panels and cell sheets for EV batteries. Scheduled for completion by June 2024, the project represents a significant investment in Ontario's electric mobility sector. Moreover, plans for a phase two expansion of the project underscore Bobaek America's commitment to further enhancing its manufacturing capabilities in the region. The Ontario government is supporting the initiative with $1.5 million in funding from the Regional Development Program's Southwestern Ontario Development Fund, highlighting efforts to foster economic growth and innovation in the province's automotive industry. This development reinforces Windsor-Essex's position as a key hub in the evolving electric vehicle ecosystem and underscores Ontario's attractiveness for investments in the burgeoning EV supply chain.
Read more from the link below.
Comments