Autos

Stellantis, LG to invest $4.1 billion in Canadian EV battery plant

0


Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada.

Alex Wong | Getty Images

DETROIT – Automaker Stellantis and LG Energy Solution will invest about $4.1 billion through a joint venture to establish the first large-scale, domestic, electric vehicle battery manufacturing facility in Canada, the companies announced Wednesday.

Construction of the plant in Windsor, Ontario is scheduled to begin later this year with operations planned to launch in the first quarter of 2024, according to the transatlantic automaker….



Source cnbc.com

0 0 votes
Article Rating

Who felt biggest financial pinch from rising gas prices in February

Previous article

Nikola begins production of battery-electric Tre semitruck

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos