Stellantis and LG Energy Solution announced Wednesday that their electric vehicle battery plant in Windsor, Ont., is back on track after reaching a “binding” financing deal with the governments of Canada and Ontario.
The two companies stopped construction on the plant earlier this year as more government money was sought to match what the United States would offer under its new Inflation Reduction Act.
The two companies said in a statement they will immediately resume building the plant, known as NextStar Energy.
“We are pleased that the federal government with the support of the provincial government came back and met their commitment of levelling the playing field with the IRA,” Mark Stewart, Stellantis’s chief operating officer in North America, said in a statement….