Magna International Inc., committed Feb. 15 to investing $470 million to open a new battery enclosures plant in Brampton, Ont., as well as expand five of its other auto parts manufacturing facilities spread throughout southern Ontario.
The spending will create more than 1,000 new jobs across the six sites, while allowing Magna to keep up with strong customer demand across several new and existing product lines, said Eric Wilds, the company’s chief sales and marketing officer.
The new battery enclosures plant in the city northwest of Toronto will cover nearly 500,000 square-feet and employ 560 staff once ramped up to full capacity. It will build lightweight aluminum battery enclosures for the Ford F-150 Lightning, as well as support “future OEM programs,” Magna said. Along with the F-150 Lightning, Magna has won battery enclosure supply contracts for the Chevrolet Silverado EV and GMC Hummer EV. Enclosures for those models will be built at another new Magna facility in St. Clair, Mich., about 50 miles north of Detroit.
“Together, with our industry partners, we’re putting Ontario back on the map as we build up Ontario’s electric vehicle supply chain from mining to manufacturing,” he said in a release. In addition to the investment in Brampton, Magna will add new capabilities to plants in Belleville, Guelph, Newmarket, Penetanguishene and Windsor.
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