The federal and Ontario governments are investing $259 million to help General Motors (GM) build Canada’s first all-electric vehicle assembly plant.
The investment is part of GMs plan to spend up to $2 billion on two plants in Ontario.
With the funding, GM will convert their existing CAMI Assembly facility in Ingersoll, Ontario to build GMs BrightDrop commercial electric vans.
The electric vans are scheduled to start rolling off the production line in December 2022.
“This partnership with the governments of Ontario and Canada is helping GM build a more diverse, innovative and sustainable industry and EV supply chain for the future, and we are proud to be doing that right here in Canada,” said GM Canada president Marissa West.
Along with the investment in Ingersoll, the governments are providing another $259 million to help GM expand production at their Oshawa Assembly plant
The money will also go towards adding a third shift to the plant, creating 2,600 jobs in the process.
This is the fourth EV-related investment announced for Ontario in as many weeks.
GM and POSCO Chemical announced earlier this month plans to build a factory to manufacture materials for battery cathodes. The location of the factory will be announced later this year.
Last week Canadian auto parts manufacturer Magna International announced it will be expanding to a new facility in Chatham-Kent to produce EV battery enclosures for the Ford F-150 Lightning.
Additionally, Stellantis and LG Energy Solutions announced plans to build a new $5 billion EV battery plant in Windsor.