Ford invests $1.3B to transform Ontario plant into EV manufacturing hub.

Ford will spend $1.34 billion to transform its Oakville facility in Canada into an assembly plant for its next-generation of electric vehicles. The upgrade includes completely retooling the facility that currently produces the internal combustion engine-powered Ford Edge and Lincoln Nautilus to one that only produces EVs. Ford also plans to add a 407,000-square-foot battery plant that will use cells and arrays from its BlueOval SK Battery Park in Kentucky. This is the first time that Ford has completely retooled an existing plant for EVs in North America.