Stellantis, LG to make electric vehicle batteries in Ontario

A joint venture between Stellantis and South Korea’s LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people.

The venture plans to spend $4.1 billion ($5 billion Canadian) to build the new plant on a field in the Canadian city just across a river from Detroit. It’s expected to open early in 2024 and will be able to make battery cells and modules for over 500,000 electric vehicles per year.

The two companies said the plant will supply batteries for a "significant portion" of Stellantis’ North American production.

Ontario Premier Doug Ford said this is the largest automotive investment in the province’s history.

"Attracting this multi billion-dollar investment will secure Ontario’s place as a North American hub for building the cars and batteries of the future,” Ford said in a news release.

Ford added that the province intends to establish supply chain connections with northern Ontario.

Stellantis has said the venture plans to build two battery factories in North America. The other location has not yet been announced.