Canada has increased planned Stellantis battery factory support
This after the automaker halted construction at its Windsor facilityOTTAWA — Canada has increased its planned support to carmaker Stellantis to build aplant in Windsor, Ontario, the industry minister said on Tuesday, but it wants the Ontario provincial government to help pay for it.
Stellantis on Monday stopped construction at a C$5 billion electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution . Stellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act , a massive package of clean-tech incentives for companies, Champagne said.
In April, Canada agreed to provide up to C$13 billion in manufacturing tax credits and a C$700 million grant to lure German automaker Volkswagen AG to build its North American battery plant in the country. It was the biggest single investment ever in Canada's electric-vehicle supply chain.
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