Stelantis and LG to build large battery plant in Canada

Stelantis and LG to build large battery plant in Canada

Automaker Stelantis and battery maker LG Energy Solutions have agreed to build a large battery factory in the Canadian province of Ontario. According to the two companies, the approximately €3.6 billion joint venture will manufacture lithium-ion cells and modules to meet most of Stelantis’ production needs in North America. Construction of the plant in Windsor is scheduled to begin later this year – production is scheduled to begin in the first quarter of 2024.

The battery factory is targeting an annual production capacity of over 45 gigawatt hours (GWh) and will create an estimated 2,500 new jobs in Windsor and the surrounding region. The Canadian government has promised support, it is said. Globally, LGES is thus further expanding its international production network. Factories are located in Canada, USA, Poland, Indonesia, China and South Korea.

Stelantis boss Carlos Tavares in a joint ventureAnother milestone in the way of our ambitious electrification strategy in the region“. By the end of the decade, the group aims to achieve 50 percent of sales in the United States and Canada with battery-powered vehicles. LG Energy Solutions aims to establish itself as a major player in green energy, CEO Yangsu Kwon said. Canadian Prime Minister Justin Trudeau also paid tribute to the collaboration, which will also provide a cleaner environment for generations to come.

As part of the “Dare Forward 2030” strategic plan, Stelantis has announced that it will sell five million electric vehicles annually worldwide by 2030, representing 100 percent of the car sales mix in Europe and 50 percent of the car and light truck sales mix. Represents percentage. North America. Stelantis is also increasing planned battery capacity by 140 GWh to about 400 GWh, supported by five battery factories and additional supply contracts.

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Source: Stelantis

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