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Benzinga

Politics

Anusuya Lahiri

Stellantis, LG Energy Solution Eye New EV Battery Plant In Ontario: Bloomberg

Stellantis LG Energy Ontario Tesla Inc. STLA Canada Ford LG Energy Solution Ltd North America NYSE

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports.
The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country.
Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT, Stellantis Divulges Its EV Ambitions
Stellantis and LG Energy previously shared their plans to build a battery-cell making factory in North America. The parties intend to begin construction next quarter, with production slated to kick off in early 2024.
Price Action: STLA shares traded lower by 1.74% at $16.13 on the last check Friday.

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Top stories on inkl right now

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

With sports betting now legal in 38 states, experts worry that gambling addiction is also growing

The Guardian - US

75mph gusts forecast as Christmas getaway disruption continues

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Met Office yellow warnings for wind remain in place across large parts of Britain.

The Independent UK

Justice Clarence Thomas did not disclose additional luxury trips funded by billionaire patron

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All of the gifts Justice Thomas has accepted from a Republican donor are valued at $4.75 million, according to a new report

The Independent UK

Fatal Crash In Brazil Kills 38 In Bus-Truck Collision

Fatal Crash In Brazil Kills 38 In Bus-Truck Collision

Tragic bus-truck collision in Minas Gerais, Brazil, claims 38 lives. Governor declares emergency, President offers support. Urgent road safety measures needed.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Michael B Jordan 'intruder' claimed to be part of his security team

Michael B Jordan 'intruder' claimed to be part of his security team

Police were called to Michael B. Jordan's home after an alleged intruder was spotted in his garden - and the man told cops he was part of the star's security detail.

Family of Wisconsin school shooting victim say they hold ‘no bitterness’ against teen killer Natalie Rupnow

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