Ontario, feds to invest over $1B to help Stellantis re-tool, modernize Brampton, Windsor plants
Global News
The Ontario government said the investments will "accelerate the creation of one of the most vertically integrated electric vehicle supply chains in North America."
Automaker Stellantis says it will spend $3.4 billion to re-tool and modernize its Brampton and Windsor plants.
In a press release issued Monday, the Ontario government said the investments will “accelerate the creation of one of the most vertically integrated electric vehicle supply chains in North America.”
Stellantis said it will retool and modernize the two plants, and will convert them to “flexible, multi-energy vehicle assembly facilities” that will be “ready to produce the electric vehicles of the future.”
The company said it will also build two new research and development centres “focusing on electric vehicles and EV battery technology.”
“Ontario is supporting all these critical investments with up to $513 million, with a matching investment from the federal government,” the release reads.
Stellantis said it will also build a new, flexible, multiple-energy vehicle assembly line at its plant in Windsor.
“This strategic retooling will diversify the company’s capacity by introducing battery-electric or hybrid models to the production line to meet growing consumer demand for low-emissions vehicles,” the release reads.
The province said it is supporting the retooling with up to $287 million.
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