Stellantis NV is likely to receive more in subsidies for a new electric-vehicle battery plant in Canada than the C$13 billion ($9.5 billion) Volkswagen AG extracted for a similar project, according to an expert who has crunched the numbers.
Stellantis and South Korean partner LG Energy Solution Ltd. announced the factory in Windsor, Ontario last year, but have halted construction while they negotiate more financial aid from Prime Minister Justin Trudeau’s government. The companies are seeking the equivalent of what they would receive under the Inflation Reduction Act if they located the plant in the US.
