Ford will invest about $1.3 billion in its Oakville Assembly Plant in Ontario, Canada, to transition the facility into a new electric vehicle hub.
已确认可信度 83%Happened as dated, per cnbc.com[1]: "…ext-generation EVs that are expected to arrive to market around mid-decade. The retooling is expecte…"
The plant will build the company’s next-generation EVs that are expected to arrive to market around mid-decade.
The changes to the Oakville complex will include combining three body shops into one and adding battery pack assembly, Ford said.
The Oakville plant will continue to build the gas-powered Ford Edge and Lincoln Nautilus crossovers up until the plant’s downtime.
The investment is part of Ford’s plan to have production capacity for 2 million EVs globally by the end of 2026.
The retooling is expected to take six months and begin in the second quarter of next year, Ford said.
$1.3B
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