Stellantis and LG Energy Solutions has reportedly selected Ontario as the location for their North American electric vehicle (EV) battery plant.
According to sources with knowledge of the deal that spoke with Automotive News Canada, the plant will be built in Windsor-Essex County.
The two companies have not confirmed the deal, but the sources said an official announcement could come as soon March 23, 2022.
In October last year Stellantis reached a preliminary deal with LG Energy Solutions to form a joint venture and produce battery cells and modules in North America.
The facility will reportedly start construction in the second quarter of 2022, and be operational by early 2024.
When complete it will have an annual capacity of 40-gigawatt hours (GWh). For perspective, the Tesla Gigafactory in Nevada currently has a capacity of somewhere between 35 and 40 GWh.
Stellantis is aiming to build several gigafactories in the coming years as part of its plan to secure more then 130GWh of battery capacity by 2025.
The company recently announced plans to build a gigafactory in Germany and France, and is close to signing a deal for another in Italy.
Stellantis currently assembles several of its vehicles under the Chrysler brand name at the Windsor Assembly Plant in Windsor.
Source: Automotive News Canada