LGES, Stellantis to receive up to C$15 b in incentives for Ontario battery venture
Jul 7, 2023
The joint battery venture between LG Energy Solution Ltd. and Stellantis N.V. will receive up to C$15 billion ($11.2 billion) in incentives for their electric vehicle battery plant under construction in Ontario, Canadian government officials have said. The announcement on Thursday came a day after LGES and Stellantis said they had resumed the construction of the manufacturing facility upon the agreement reached with Canada on the terms of subsidies, to the extent that they would be equivalent to