Auto NewsNews

Stellantis Investing $2.8 Billion In Canadian Plants For EV Future

[ad_1]

stellantis brampton factory

Stellantis will invest $3.6 billion CAD ($2.8 billion USD) into its Canadian operations to build electric vehicles in the country, according to a new announcement from the automaker. The money will also be used for the expansion of the Center for Automotive Research and Development, including adding a battery laboratory to the site.

The investment will include upgrading the Windsor Assembly Plant to build what Stellantis calls a “multi-energy vehicle architecture” that will underpin future electric vehicles. This retooling will start in 2023.

The Brampton Assembly Plant (pictured above) will get upgrades to build a new flexible architecture that will “support the company’s electrification plans,” according to Stellantis. Retooling will begin in 2024, and production will resume in 2025.

Both factories will return to three-shift production to build this new model.

The Center for Automotive Research and Development in Windsor, Ontario, Canada, will employ an additional 650 people for its engineering staff. There will be a focus on finding people to develop electrical propulsion systems, batteries, power electronics, electrical machines, motor control, energy management, and embedded software.

The site will also get Stellantis’ first battery lab in North America. The facility will measure 100,000 square feet and will be completed by the end of 2023. This is where the company will develop cells, modules, and packages for future EVs.

Stellantis has invested heavily in Canada recently. In March, the automaker and LG Energy Solution announced plans to spend $4.1 billion USD to build a battery factory in Windsor. Construction began this year with a view to starting production in the first quarter of 2024. When completed, the site could generate more than 45 gigawatt-hours annually and employ approximately 2,500 people.

Stellantis EV’s strategy is for 100 percent of its sales in Europe to be battery electric vehicles by 2030. In the US, the goal is for 50 percent of volume to be EVs by this date. By the end of the decade, the automaker plans to have more than 75 electric models available across its stable of brands.

[ad_2]

Source link

Leave a Reply

Your email address will not be published.

Back to top button