Last Updated: April 12, 2023, 02:30 IST
Canada has been making an enormous push into batteries for electrical automobiles, touting tax incentives, bountiful vital minerals and clear power to appeal to auto makers. (Image: Reuters File)
The complicated “will be a high-volume manufacturing hub for North American EV production
Ford announced an investment of Can$1.8 billion (US$1.3 billion) Tuesday to retool its Canadian assembly plant in Oakville, Ontario to make electric vehicles and batteries for the North American market.
The complex “will be a high-volume manufacturing hub for North American EV production, repurposing existing buildings into a state-of-the-art facility that leverages Oakville’s experienced workforce,” the corporate stated in a press release.
Its transformation, which is anticipated to lead to hundreds of latest hires, is scheduled to begin in mid-2024 and begin producing EVs at first of 2025.
The 487-acre website presently contains three physique retailers, one paint constructing, and an auto meeting constructing.
The reworked campus will characteristic a brand new 407,000 sq. foot on-site battery plant that may make the most of cells and arrays from BlueOval SK Battery Park within the US state of Kentucky.
Oakville staff will take these elements and assemble battery packs that may then be put in in automobiles assembled on-site.
Canada has been making an enormous push into batteries for electrical automobiles, touting tax incentives, bountiful vital minerals and clear power to appeal to auto makers.
Volkswagen introduced in March that its first North American battery manufacturing unit can be inbuilt St. Thomas, Ontario.
Automaker Stellantis (previously Fiat Chrysler) and LG Energy Solution have additionally partnered on a brand new battery plant in Canada, whereas French tire producer Michelin is increasing its native facility.
And General Motors has signed a long-term settlement with Brazilian mining large Vale for provides of Canadian nickel to be used in EV batteries.
“The partnership between Ford and Canada helps to place us as a worldwide chief within the EV provide chain for many years to come,” Industry Minister Francois-Philippe Champagne said in a statement.
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(This story has not been edited by News18 workers and is printed from a syndicated information company feed)
