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Oakville

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business2 years ago

Ford's Oakville plant to become EV manufacturing hub in 2024

Ford's Oakville plant in Ontario will begin its $1.3 billion transformation into an electric vehicle assembly plant in Q2 2024, with an estimated 3,000 workers to be furloughed during the six-month retooling process. The factory will be renamed the Oakville Electric Vehicle Complex and will include a battery assembly plant. Ford has an ambitious goal to produce 600,000 EVs annually starting in 2024, accelerating to 2 million a year by the start of 2027, with the goal of achieving 50 percent of total sales by 2030.

automotive2 years ago

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.