
Stellantis and LG Chem's LG Energy Solution (LGES) officially announced an over $5 billion CAD ($4.1 billion USD) investment in a battery gigafactory joint venture in Canada. The two partners have signed definitive agreements.
The intention of a JV in North America was first revealed in October 2021, and earlier this month, rumors emerged about the location in Canada. LGES announced this week a $1.5 billion investment in 51% of the project, tentatively named "LGES-STLA JV".