Canadian automotive supply giant Magna International announces that it is going to build a $40 million factory in Ontario. The factory will be building batteries for Ford F-150 Lightning as required by the automaker. The facility will be located about 50 miles east of Windsor.
The new 170,000-square-foot facility is expected to create up to 150 new jobs, the company said in a statement. “We have been able to secure additional business that allows us to grow in two great communities,” said Mark Johnson, Magna’s Formet Industries general manager. The Chatham plant will build the industry’s largest lightweight aluminum battery enclosure, said Magna, calling it “game-changing,” due to its ability to cut the total weight of the vehicle and thereby increase range.
Mark Johnson, Magna’s Formet Industries General Manager said, “With the hard work of our team members in our Formet, St. Thomas facility, we have been able to secure additional business that allows us to grow in two great communities. We are coming to Chatham with new job opportunities working on an exciting new technology that offers a lot of growth potential.”
For suppliers like Magna, electrification is a major opportunity as carmakers around the world need a lot of all-new components for their all-new vehicles. For example, earlier this year, Magna’s company in China started the production of eDrive systems (for the front axle) for Volkswagen’s Modular Electric Drive Toolkit (MEB) platform.
Credits- Automotive News