Ford invests $1.3 billion to turn Ontario plant into electric vehicle manufacturing hub

Ford Motor Company plans to transform its Oakville Assembly Complex in Ontario, Canada, into an electric vehicle manufacturing hub. The company’s C$1.8 billion (approximately $1.3 billion) investment will be used to modernize and repurpose existing buildings at the soon to be renamed Oakville Electric Vehicle Complex. The transformed campus will feature an on-site battery plant where workers will use components from BlueOval SK Battery Park to create battery packs. Work on the project will begin in 2023 with EV production beginning in 2025.

In a recent quote, Jim Farley, Ford president and CEO, said, “Canada and the Oakville complex will play a vital role in our Ford+ transformation. It will be a modern, super-efficient, vertically integrated site for battery and vehicle assembly. I’m most excited for the world to see the incredible next-generation electric and fully digitally connected vehicles produced in Oakville.”