Stellantis and LG Power Answer will construct their new battery plant in Ontario, in keeping with an individual acquainted with the matter. An official announcement will possible occur on March 23, the particular person stated.
The Canadian authorities’s incentives for clean-energy companies helped lure the businesses, the particular person stated, asking to not be recognized as a result of the choice isn’t public.
Stellantis and LG Power said in October they had been planning a battery-cell making manufacturing facility in North America, as Stellantis, whose manufacturers embody Jeep and Ram, expands its electrical automobile lineup with a purpose of elevating U.S. EV gross sales to 40 per cent of deliveries by the top of the last decade. The pair stated development of the plant is because of start subsequent quarter, with manufacturing slated to kick off in early 2024.
A spokesperson for LG Power stated there wasn’t any data to share as but. Representatives for Stellantis and the Canadian embassy in Seoul didn’t instantly reply to requests for remark.
When requested for remark, Vic Fedeli, Ontario’s Minister of Financial Growth, Job Creation and Commerce, stated he “is assured the province will land at the least one EV battery manufacturing plant earlier than the election in June.”
Ontario’s subsequent provincial election is anticipated to be held on or earlier than June 2, 2022.
