Canada, Ontario providing Stellantis up to $15 billion
Seven weeks after the fate of Canada’s first electric-vehicle battery plant was thrown into jeopardy, a new government agreement with the plant’s main investors ensures the project is back on track to start production in 2024.
The Windsor, Ont., lithium-ion battery plant, a joint venture of Stellantis NV and LG Energy Solution Ltd. was first announced in March, but construction was halted in May after Stellantis said the federal government had not met its financial commitments.