Magna, a global auto parts supplier, has set the stage for its expansion in Ontario, Canada to support the production of Ford’s F-150 Lightning electric pickup truck and other future EVs. The new facility in Cambridge, Ontario will focus on producing seating systems and electrical components such as instrument panels, consoles and door trim assembly. This will help Magna respond quicker to customers’ ever-changing needs while also helping create hundreds of jobs in the region. In this article, we’ll explore how this expansion is going to benefit both Magna and Ford’s EV production plans.

Magna’s Expansion into Ontario

Magna International Inc. is expanding its operations in Ontario, Canada to support the production of the Ford F-Lightning and other future electric vehicles (EVs).

The company announced that it will invest CAD$200 million (US$153 million) to add two new plants in Markham and Bolton. The expansion will create over 1,000 new jobs in the province.

“Ontario is a global hub for automotive manufacturing, and we are excited to expand our presence here to support the growing demand for EVs,” said Magna CEO Don Walker.

The new plants will produce battery pack assemblies and other EV components. They are expected to be operational by 2023.

This expansion is part of Magna’s broader strategy to increase its capacity to manufacture EVs. The company has already invested over CAD$1 billion (US$773 million) in this area and plans to invest an additional CAD$2.5 billion (US$1.9 billion) by 2025.

The F-150 Lightning & Other Future EVs

As the world continues to move towards electric vehicles, Magna International is investing in its Ontario facilities to support production of the all-new Ford F-150 Lightning and other future EVs.

Magna has been a suppliers of parts and systems for the Ford F-150 for over 40 years, and with the launch of the Lightning, they are expanding their operations in Ontario to support its production. The company is investing $200 million in its facility in Woodstock, which will create over 500 new jobs.

The all-new Ford F-150 Lightning is an all-electric version of America’s best-selling truck. It offers up to 563 horsepower and 775 lb.-ft. of torque, with a range of over 230 miles on a single charge. Delivery will begin in late 2021.

In addition to the F-150 Lightning, Magna is also preparing for production of other future EVs from Ford. This includes the Mustang Mach-E SUV, which will go into production later this year. With over 860,000 square feet dedicated to electric vehicle assembly, Magna is well positioned to support Ford’s growing EV portfolio.

Magna’s Impact on the Automotive Industry

Magna is one of the world’s largest suppliers of automotive systems and components, with over 172,000 employees in 327 facilities across 28 countries. The company’s products include everything from complete vehicle engineering and assembly, to powertrains, suspension, exteriors and interiors.

In recent years, Magna has been investing heavily in electric vehicle (EV) technology, and its products are used in a number of high-profile EVs including the Tesla Model S, BMW i3 and Jaguar I-PACE.

With the announcement of its new facility in Markham, Ontario, Magna is further expanding its presence in the EV market. The new facility will be used to develop and manufacture advanced battery systems for use in EVs.

The move comes as demand for EVs is expected to increase sharply in the coming years. According to BloombergNEF, sales of EVs are expected to reach 30 million units per year by 2030, up from just 2 million in 2018. This growth is being driven by advancements in battery technology which are making EVs more affordable and practical for consumers.

Magna’s expansion into the EV market is a reflection of the changing nature of the automotive industry. The traditional model of car ownership is being disrupted by new technologies such as ride-sharing and self-driving cars. This is leading to a shift in focus away from personal ownership towards shared mobility services.

As this shift takes place, it is essential that companies like Magna adapt their