Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build fully electric and hybrid vehicles, the company said on Monday, as part of its $35 billion global commitment to electrification and related initiatives.
The revamp will allow the automaker 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.
Retooling of the company’s 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. Both revamped factories are to be up and running by 2025, Stellantis said.