Stellantis plans to build an EV battery plant in the US
Stellantis, the parent company of Dodge, Jeep, and Chrysler, plans to build an electric vehicle battery factory in the US. The news came out of an announcement Wednesday that the automaker would invest $4.1 billion on a new battery facility in Canada, along with South Korea’s LG Energy Solution.
The factory in Windsor, Ontario, will be the first of two planned battery plants to come out of the joint venture between Stellantis, which was formed last year from the merging of Fiat Chrysler and PSA Group, and LG. Construction on the plant is expected to start later this year, with operations set to launch in the first quarter of 2024.
A second plant will be built somewhere in the US, officials said at the event announcing the Windsor...