Ottawa and Queen’s Park are joining forces to finance the conversion of an Oakville factory into a global hub for electric vehicle production.
The Ontario Government is matching a $295 million contribution from the Federal Government to retool Ford of Canada’s Oakvill Assembly Complex, allowing for the manufacture multiple battery electric vehicle (BEV) models. The money will also go towards the installation of a battery-pack assembly line. It is expected the Oakville plant will become one of Ford’s highest volume BEV plants in North America.
The first electric vehicles should start rolling off the production line by 2025.
“By making this investment in Ford Canada, we are ensuring our province continues to lead North America and the world in automotive manufacturing and innovation, while boosting our competitiveness in this key sector,” said Ontario Premier Doug Ford. “We are also securing thousands of good-paying jobs, not just at the facility in Oakville, but across the province. This project will help support our auto parts sector and other suppliers and service providers.”
The Oakville plant directly employs over 3,000 people.