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Ontario Secures Largest Auto Investment in Province’s History

Premier Doug Ford and Vic Fedeli, Minister of Economic Development, Job Creation and Trade announced that with the support of the Ontario, federal and municipal governments, LG Energy Solution and automaker Stellantis are joining forces to build the province’s first large-scale electric vehicle (EV) battery manufacturing plant.

The joint venture between LG Energy Solution, Ltd. (LGES) and Stellantis N.V. will invest more than CDN $5 billion (USD $4.1 billion) to build a facility in Windsor to manufacture batteries for EVs in Canada, representing the largest automotive manufacturing investment in the history of the province.

This historic investment puts Ontario on a path to becoming one of the most vertically integrated automotive jurisdictions in the emerging North American EV market. The battery facility, with a production capacity of 45 gigawatt hours (GWh) that will supply Stellantis plants in the North American market, is expected to be operational in 2024 and employ an estimated 2,500 people.

News Release:

EN : Ontario Secures Largest Auto Investment in Province’s History | Ontario Newsroom

FR : L’Ontario conclut le plus important investissement dans le secteur de l’automobile de son histoire | Salle de presse de l’Ontario