Image: Ford
Ford plans to invest CAD 1.8 billion into its Oakville Assembly Complex to turn it into a "high-volume hub of electric vehicle manufacturing" in the country. The campus will be renamed Oakville Electric Vehicle Complex. The carmaker plans to retool and modernize in the second quarter of 2024 in preparation for next-generation EV production.
This investment allows Ford to repurpose and transform its existing buildings into state-of-the-art facilities. The current 487-acre Oakville site includes three body shops, one paint building, and one assembly building. The transformed plant will feature a new 407,000 square-foot on-site battery plant that uses cells and arrays from BlueOval SK Battery Park in Kentucky. Oakville workers will take these components and assemble battery packs that will be installed in vehicles assembled on-site. This transformation will help increase Ford's global production run rate of two million EVs annually by the end of 2026.