Stellantis is Planning a $2.8B Overhaul of Two Canadian Factors to Build Electric Vehicles

The parent company of Chrysler, Stellantis, is aiming for a $2.8 billion overhaul in order to build EVs at two Canadian factories.

The company said that it will retool two Ontario assembly plants to build vehicles on new platforms that will allow it to offer fully electric versions of its upcoming models.

Stellantis also plans to add a battery lab to its Ontario-based research and development center. The retooled factories are expected to be up and running by 2025.

The auto giant’s overhaul is a part of its $35 billion global commitment to electrification and related initiatives.

The revamp will allow Stellantis to build such versions of several of its upcoming models using new “multi-energy” architectures. The company also will add a battery lab to its existing research and development facility in Windsor, Ontario, creating 650 new jobs.

The retooling of its Windsor assembly plant is expected to begin in 2023, with a revamp and modernization of a second plant in Brampton, Ontario, to follow the next year.

The company announced the investments on Monday and said it aims to sell 5 million EVs annually by 2030, a total that will include all of the vehicles it sells in Europe and half of the passenger cars and light-duty trucks it sells in North America.

Stellantis didn’t say which models the revamped factories will be building. The company however expects both plants to add a third shift after the overhauls, meaning they will be working nearly around the clock.

The Windsor plant builds the Chrysler Pacifica, Pacifica Hybrid and Voyager minivans, while the Brampton factory makes the Chrysler 300 and Dodge Charger sedans and the Dodge Challenger coupe.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.