Stellantis, LG Energy pick Ontario for EV battery plant:
Stellantis NV and LG Energy Solution will build their new battery plant in Ontario, Canada, according to a person familiar with the matter, with an official announcement likely on March 23.
Stellantis and LG Energy said in October they were planning a battery-cell factory in North America, as Stellantis — whose brands include Jeep and Ram — expands its electric vehicle lineup with a goal of raising U.S. EV sales to 40% of deliveries by the end of the decade. The pair said construction of the plant is due to begin next quarter, with production slated to kick off in early 2024.
When asked for comment, Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, said he “is confident the province will land at least one EV battery manufacturing plant before the election in June.”There have been a rash of tie-ups and arrangements between automakers and battery manufacturers in recent months as the world hurtles toward a clean energy future. Transitioning to electric cars is a key plank of that.
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