# Magna investing $470M in battery enclosures factory and Ontario plants

Magna International is investing $470 million to build a battery enclosures factory and upgrade five other plants in Ontario, Canada, to produce lightweight aluminum battery enclosures for the Ford F-150 Lightning and future OEM programs.

- Type: Investment
- Announced: 2023-02-15
- Where: Ontario, Canada
- Value: $470.0M
- Status: announced
- Products: battery enclosures
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md)

## Sources

- [autonews.com](https://www.autonews.com/suppliers/magna-investing-470-million-battery-enclosures-factory-5-other-ontario-plants/), 2023-02-15: "Magna investing $470 million on battery enclosures factory, 5 other Ontario plants"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.