INTIEACanada · Funding for battery electric vehicle production at Ford Canada’s Oakville Assembly ComplexPolicyIn force

Funding for battery electric vehicle production at Ford Canada’s Oakville Assembly Complex

In October 2020, the Canadian Government and Ontario Government announced that they are each contributing CAD 295 million investment towards a CAD 1.8 billion retool of Ford of Canada's Oakville Assembly Complex. This investment will help to transform Ford's Oakville facility…

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Country / jurisdiction: Canada · Year: 2020 · Status: In force · Level: State/Provincial · Type: Voluntary

In October 2020, the Canadian Government and Ontario Government announced that they are each contributing CAD 295 million investment towards a CAD 1.8 billion retool of Ford of Canada's Oakville Assembly Complex. This investment will help to transform Ford's Oakville facility into a global hub for battery electric vehicle production.

The Oakville plant directly employs over 3 000 people and will be updated with a flexible manufacturing system able to accommodate multiple battery electric vehicle (BEV) models. It will also include the installation of a battery-pack assembly line. With this funding, the Oakville Assembly Complex is expected to become one of Ford's highest volume BEV plants in North America, with the first electric vehicles forecasted to roll off the production line in 2025.

Official source: https://news.ontario.ca/en/release/58736/historic-ford-canada-investment-transforming-ontario-into-global-electric-vehicle-manufacturing-hub

Source

https://www.iea.org/policies/12393

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