Ford will spend $ 1.35 billion to re-equip a canadian plant for electric vehicles

Ford will spend $ 1.35 billion to re-equip a canadian plant for electric vehicles

September 29, 2020 0 By autotimesnews

Ontario to fully switch to electric models from 2024

The American concern Ford has officially announced it has reached an agreement with the union to re-equip its Canadian plant in Ontario for the production of electric vehicles. This will cost $ 1.35 billion, the reconstruction will be completed by 2024.

Now this company produces the mid-size crossovers Ford Edge and Lincoln Nautilus. The latter will obviously be discontinued. But what will replace them is not yet known.

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Ford itself is betting on the Mustang Mach E electric crossover, which is about to go on sale. However, the company can use the Canadian plant for the production of electric vehicles on the Volkswagen platform, which has already been announced.

Ford has another announced electric vehicle – an electric pickup. However, it will be built on the basis of the F150 gasoline model and will obviously be produced at the same plant.

However, by 2024, the concern may present many more electric vehicles, many of which have not even been announced yet.