Stellantis and LG Energy Solutions announced they will open a new 40 gigawatt-hour (GWh) battery plant in Windsor-Essex.
The new $5 billion CAD plant will employ around 2,500 people and support a significant portion of Stellantis’ North American production.
As per estimates, the plant will produce battery cells and modules for over 500,000 EVs per year.
The plant will break ground in the next few months and will open in early 2024.
The new EV battery plant is a joint venture between Stellantis and LG Energy Solutions.
According to the new company, this will be the first of two battery EV plants they open. The joint venture did not release or announce the other plant location as of yet.
The company noted that the federal, provincial and municipal governments support the joint venture, but no details were made available of any potential tax breaks or incentives.
Stellantis announced it would open a new EV battery factory in North America in October. However, they did not confirm the location until this week.
The announcement included various Stellantis and LG Energy Solution executives, Ontario Premier Doug Ford, Federal Transport Minister Omar Alghabra and Federal Minister of Innovation Francois-Phillipe Champagne.