Stellantis and LG Energy to Build EV Battery Plant in Canada: Report

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A new battery plant from Stellantis and LG Energy Solution will be built in Ontario, Canada, reports Automotive News.

An unnamed source says an official announcement will likely take place next week on Wednesday, March 23. The new electric vehicle battery plant for Ontario was due to the Canadian government’s clean energy incentives for businesses.

Back in October, Stellantis and LG Energy announced they were seeking a location for a new battery cell factory in North America, with hopes for construction to begin in Q1 2022 and production for early 2024.

Ontario’s Minister of Economic Development, Job Creation and Trade, Vic Fedeli, told Automotive News he is “confident the province will land at least one EV battery manufacturing plant before the election in June.”

Last summer, Stellantis CEO Carlos Tavares said it was considering Canada for one of two battery plants pegged for North America.

Back in December, Stellantis, alongside Ford and GM, said Canada needs millions of EV charging stations to support the nation’s goal of shifting to electric vehicles.

Earlier this month, Stellantis, which owns brands such as Chrysler, Fiat, Jeep, Ram and Peugeot, said it plans to have 100% battery-electric sales in Europe by 2030.

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