The Ontario-based auto-parts maker is building three plants, two of which will be located in the supplier park for Ford’s electric truck factory. Magna will supply Ford with battery enclosures, truck frames and seats for a “second-generation electric truck,” Tennessee’s economic and community development department said. (The Logic)
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The Ontario-based auto-parts maker is building three plants, two of which will be located in the supplier park for Ford’s electric truck factory. Magna will supply Ford with battery enclosures, truck frames and seats for a “second-generation electric truck,” Tennessee’s economic and community development department said. (The Logic)
Talking point: As Ford tries to electrify the ultra-popular pickup truck market, Magna is upping its bet on the supply chain. The parts maker announced a $470-million investment in its Canadian plants earlier this year, in part to upgrade its facilities in Brampton, Ont., to assemble F-150 Lightning batteries. Magna’s three Tennessee plants are scheduled to start production in 2025, and Ford’s nearby plant is expected to make up to 500,000 electric trucks a year.
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