A major milestone that will create thousands of Canadian jobs for the net-zero emission economy of the future
March 23, 2022 - Ottawa, Ontario
The future of Canada's transportation sector is green. So to create middle-class jobs and position our economy for success in a low-carbon world, the government is bringing major international investments to Canada that will secure a strong electric vehicle (EV) battery supply chain.
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, the Honourable Doug Ford, Premier of Ontario, and Drew Dilkens, Mayor of Windsor, announced that their governments are welcoming a major investment from LG Energy Solution, one of the leading battery manufacturing companies in the world, and automaker Stellantis N.V. to create a joint venture in Canada. The joint venture will see a total investment of over $5 billion CAD ($4.1 billion USD) in a facility to manufacture batteries for EVs in Canada. This will position Canada as a global leader in the EV manufacturing supply chain. The battery facility will be located in Windsor, Ontario, and will supply Stellantis plants in Windsor and across North America. The facility will be operational by 2025.
The Government of Canada has been working closely with both companies to secure this investment given that the project aligns with the government's commitment to develop a Canadian battery ecosystem that supports clean technology and industrial transformation. Today's announcement is yet another step forward. The project is expected to create 2,500 well-paying jobs.
This investment will not only position Canada as a global leader in the production of EV batteries but also support the development of a sustainable domestic battery manufacturing sector in Canada.
