Stellantis, LG Energy Pick Ontario for Battery Plant

A spokesperson for LG Energy said there wasn’t any information to share as yet. A spokesperson for Stellantis also had no comment.

When asked for comment, Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, said he “is confident the province will land at least one EV battery manufacturing plant before the election in June.”

Ontario’s next provincial election is expected to be held in June.

There have been a rash of tie-ups and arrangements between automakers and battery manufacturers in recent months as the world hurtles toward a clean energy future. Transitioning to electric cars is a key plank of that.

South Korean rival Samsung SDI Co. signed a memorandum of understanding with Stellantis in October to construct a plant in the U.S. that should have an annual output of around 23 gigawatt hours by the first half of 2025, while Panasonic Corp. is engaged in talks over the site for a new U.S. factory that would supply Tesla Inc. and potentially other EV manufacturers.

In September, Ford Motor Co. and Korea’s SK Innovation Co. announced plans to spend $11.4 billion constructing an assembly plant and three battery factories in Tennessee and Kentucky.