Ford investing $1.8B to transform assembly complex into Canadian EV manufacturing hub CanadiansInvest
in its Oakville Assembly Complex to transform it into a high-volume hub of electric vehicle manufacturing in– a key part of the company’s plan to scale production of electric vehicles and make them more accessible to millions of customers.
The campus, to be renamed Oakville Electric Vehicle Complex, will begin to retool and modernize in the second quarter of 2024 to prepare for production of next-generation EVs. This marks the first time a full-line automaker has announced plans to produce passenger EVs incomplex will play a vital role in our Ford+ transformation. It will be a modern, super-efficient, vertically integrated site for battery and vehicle assembly,” said Jim Farley, Ford president and CEO.
“Ford’s transformation from gas to electric vehicles is well underway.
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