Ford Invests Over 1 Billion Euros In Canadian Plant
- Written by : Ashton G. Curran
- Date Published : 2023-04-14
- Date Updated : 2023-04-14
- Category / Tag : ford
Ford plans to begin upgrading and redesigning the Oakville complex in the second quarter of 2024 to prepare for the production of next-generation electric vehicles starting in 2025.
This marks the first time a major automaker has announced plans to produce electric cars in Canada for the North American market.
The Oakville Electric Vehicle Complex will be a modern, highly efficient, vertically integrated battery and vehicle assembly site that leverages Oakville's experienced workforce.
Ford is pursuing a multi-faceted strategic approach in transforming its industrial system to expand electric car production, including building new locations on vacant land and transforming existing production facilities such as in Oakville and Cologne.
The investment will enable Ford to convert existing buildings into a state-of-the-art plant, including three body shops, a paint shop, and an assembly shop.
A new 407,000 square meter battery plant will also be built on the redesigned site, in which cells and arrays of BlueOval SK Battery Park in Kentucky will be assembled into battery packs that will be installed in the vehicles assembled on site.
The transformation of the Oakville facility is an important step toward a stronger industry and a testament to the hard work, skill, and dedication of Ford's employees.
The company has been a leader in Canada's automotive industry for 119 years, powered by hard-working, dedicated employees.
Oakville's successful transition to EV manufacturing will help create stable Canadian jobs and provide an opportunity to build new skills and expertise to move Ford and the industry forward.
The investment in the Oakville Electric Vehicle Complex is a promising sign for Canadian EV production and employment in the Canadian automotive sector.
Ford's commitment to investing in the OAC conversion and qualification signals a positive future for the industry.
The Oakville Electric Vehicle Complex will become the hub for North American electric vehicle manufacturing, converting existing buildings into a state-of-the-art facility and leveraging Oakville's experienced workforce.
Overall, Ford's investment in the Oakville Electric Vehicle Complex is a significant step toward achieving the company's goal of producing two million electric vehicles per year by the end of 2026.
This investment will enable Ford to convert existing buildings into a modern, highly efficient, vertically integrated battery and vehicle assembly site.
It will create stable Canadian jobs and provide an opportunity to build new skills and expertise to move Ford and the industry forward.