- Stellantis and LG Energy to implement contingency plans with South Korean partner for EV battery production as negotiations with Canada continue for financial aid for new plant.
- Canadian government has not met its promises, according to Stellantis spokesperson.
- Justin Trudeau pledged financial aid to make Canadian manufacturing plants competitive with US ones after the passage of Inflation Reduction Act.
- Negotiations are continuing and Unifor labor union is involved.
- Automaker Stellantis is addressing its fiduciary responsibility to its shareholders.
Stellantis, LG Energy Spar With Canada Over EV Battery Plant
Automaker Stellantis NV said it will begin implementing “contingency plans” with its South Korean partner for electric vehicle battery production as they negotiate with Canada for more financial aid to build a new plant.
Gabrielle Coppola
