After halting construction in May, Stellantis and LG Energy Solution are resuming work on their electric vehicle (EV) battery plant in Windsor, Ontario.
According to news outlets, including CTV News, the companies announced on July 5 that they reached a “binding” financing deal with the federal government as well as the province.
While the specifics of the agreement haven’t been disclosed, Deputy Prime Minister Chrystia Freeland and Minister of Innovation, Science and Industry Francois-Philippe Champagne said in a statement that it’s “good for workers and it is good for Canada.”
“It will create and secure thousands of jobs — both in the auto sector and in related industries across Canada — and will further solidify Canada’s place as a leader in the global electric vehicle supply chain,” the statement reads.
“We look forward to sharing further details with Canadians.”
Stellantis and LG Energy Solution began work on the $5-billion project last year, but stopped construction to negotiate government funding — looking for Canada to match what the U.S. would offer through its Inflation Reduction Act.
The act includes production subsidies for clean technology, including EV batteries.
“We are pleased that the federal government, with the support of the provincial government, came back and met their commitment of levelling the playing field with the [Inflation Reduction Act],” Mark Stewart, Stellantis’ chief operating officer for North America, said in a statement obtained by CBC...
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