Stellantis, LG Energy Solution to Invest $4.1 Billion in Canadian Battery Plant
SEOUL—Stellantis and LG Energy Solution announced plans to invest more than $4.1 billion to build a battery plant in Canada.
The companies plan to build the factory in Ontario, where they will produce lithium-ion battery cells and modules for Stellantis’ electric vehicles, which will be shipped to North American markets. The new facilities would have an annual production capacity of more than 45 gigawatt-hours (GWh) and would be operational in the first quarter of 2024, creating 2,500 jobs.