Home Automobile Chrysler-parent Stellantis plans $2.8 billion overhaul of two Canadian factories to construct EVs

Chrysler-parent Stellantis plans $2.8 billion overhaul of two Canadian factories to construct EVs

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Chrysler-parent Stellantis plans $2.8 billion overhaul of two Canadian factories to construct EVs

Flag with the Stellantis emblem on the entrance entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy.

Stefano Guidi | Getty Images

Auto large Stellantis will make investments about $2.8 billion to overtake two Ontario factories to construct electrical and hybrid automobiles, the corporate mentioned on Monday, the most recent installment in its plan to take a position a complete of $35 billion in electrification and associated software program initiatives all over the world.

The revamp will permit the automaker to construct hybrid and absolutely electrical variations of a number of of its upcoming fashions utilizing new “multi-energy” architectures. The firm will even add a battery lab to its present analysis and growth facility in Windsor, creating 650 new jobs.

Retooling of the corporate’s Windsor, Ontario, meeting plant is anticipated to start in 2023, with a revamp and modernization of a second plant, in Brampton, Ontario, to observe in 2024. Both vegetation will likely be up and working once more by 2025.

The investments introduced on Monday are a part of a broader electrification overhaul revealed earlier this yr. Stellantis goals to promote 5 million EVs yearly by 2030, a complete that can embrace the entire automobiles it sells in Europe and half of the passenger vehicles and light-duty vehicles it sells in North America.

Most international automakers have introduced comparable funding plans as they transfer to compete within the EV market presently dominated by Tesla.

Stellantis did not say which fashions the revamped factories will likely be constructing, although it did say it expects each vegetation so as to add a 3rd shift after the overhauls, that means that they are going to be working almost across the clock.

Currently, the Windsor plant builds the Chrysler Pacifica, Pacifica Hybrid and Voyager minivans; the Brampton manufacturing unit builds the Chrysler 300 and Dodge Charger sedans and the Dodge Challenger coupe.

Stellantis and Korean battery large LG Energy Solution introduced in March that they may collectively spend $4.1 billion to construct a significant EV battery manufacturing unit in Windsor. That funding is anticipated to create 2,500 new jobs, the businesses mentioned on the time.

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