Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large-scale Lithium-ion Battery Production Plant in Canada

  • Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large-scale Lithium-ion Battery Production Plant in Canada

    Posted by Chariotz on March 23, 2022 at 8:30 am
    Stellantis N.V. and LG Energy Solution today announced they have executed binding, definitive agreements to establish the first large-scale, domestic, electric-vehicle battery manufacturing facility in Canada. The joint venture company will produce leading-edge lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production requirements in North America.

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