LG, Stellantis project hangs in balance as Canada politicians fight over money - BNN Bloomberg

South Africa News News

LG, Stellantis project hangs in balance as Canada politicians fight over money - BNN Bloomberg
South Africa Latest News,South Africa Headlines
  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

Canada’s industry minister says the Ontario government hasn’t committed to paying its “fair share” to help advance negotiations with automaker Stellantis NV over an electric-vehicle battery plant.

, LG’s home country, where he’s on a trade trip with Trudeau. A spokesperson for Ontario Economic Development Minister Vic Fedeli didn’t immediately respond to a request for comment.

Stellantis and LG Energy pledged in 2022 to invest more than $4 billion in the Windsor battery facility. Meanwhile, Ontario and Canada promised about C$1 billion to help Stellantis retool two Ontario plants to build electric vehicles. He also said he plans to pull aside and talk to the CEO of LG, Kwon Young-soo, at a state dinner on Wednesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BNNBloomberg /  🏆 83. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stellantis stops construction of Ontario EV battery module plant over federal fundsStellantis stops construction of Ontario EV battery module plant over federal fundsStellantis and LG Energy Solution (LGES) on May 15 ceased some construction of its planned electric-vehicle battery factory in Windsor, Ont., as it continues to spar with the federal government over financial assistance.
Read more »

Motor Mouth: Stellantis pulling out of Ontario battery plantMotor Mouth: Stellantis pulling out of Ontario battery plantWhy Volkswagen got $13 billion from the fed for its new battery plant in St. Thomas, and why Stellantis thinks it deserves the same
Read more »

Motor Mouth: Stellantis pulling out of Ontario battery plantMotor Mouth: Stellantis pulling out of Ontario battery plantWhy Volkswagen got $13 billion from the fed for its new battery plant in St. Thomas, and why Stellantis thinks it deserves the same
Read more »

Motor Mouth: Stellantis pulling out of Ontario battery plantMotor Mouth: Stellantis pulling out of Ontario battery plantWhy Volkswagen got $13 billion from the fed for its new battery plant in St. Thomas, and why Stellantis thinks it deserves the same
Read more »

Motor Mouth: Stellantis pulling out of Ontario battery plantMotor Mouth: Stellantis pulling out of Ontario battery plantWhy Volkswagen got $13 billion from the fed for its new battery plant in St. Thomas, and why Stellantis thinks it deserves the same
Read more »

Feds and Ontario play public blame game over Stellantis battery plant disputeFeds and Ontario play public blame game over Stellantis battery plant disputeThe federal and Ontario governments have resorted to finger-pointing in a high-stakes dispute over funding for the $5-billion Stellantis-LG Energy Solution battery cell plant in Windsor, Ont.
Read more »



Render Time: 2025-02-28 15:03:02