Stellantis and Lg Energy Solution (LGES) have announced the signing of binding and definitive agreements to build the first large-scale electric vehicle battery manufacturing plant in Canada. Specifically, the joint venture will manufacture state-of-the-art lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle manufacturing needs in North America.
“The joint venture will invest over 5 billion Canadian dollars (equivalent to approximately 4.1 billion US dollars) to start operations, which will include a brand new battery manufacturing plant in Windsor, Ontario, Canada,” the joint statement read. which indicates that the start of activities for the construction of the plant is expected by the end of the year and the start of production operations will start in the first quarter of 2024. The plant aims to have an annual production capacity greater than 45 gigawatt hours (GWh) and will create up to 2,500 new jobs in Windsor, Ontario and surrounding areas.
“Our joint venture with Lg Energy Solution is another step towards the realization of our ambitious electrification plan in the region, which aims to reach 50% of the sales of battery electric vehicles in the United States and Canada by the end of the decade. “declared Carlos Tavares, CEO of Stellantis.