Stellantis, LG reach new EV battery plant deal for up to $15-billion in subsidies from Ottawa, Ontario
Stellantis NV and LG Energy Solution have reached a new deal with the federal and Ontario governments for up to $15-billion in subsidies for their electric-vehicle battery factory in Windsor, bringing to an end a months-long saga in which the companies halted construction on the project while they pushed for greater subsidies.
The agreement was announced by Stellantis late on Wednesday through a press release, the timing of which appeared to catch the governments off guard. It was subsequently confirmed by Ottawa in a statement issued by Industry Minister Francois-Philippe Champagne and Finance Minister Chrystia Freeland.
