Title:
Lithium-Ion Battery
Manufacturing in Canada
Agreement Value:
$500,000,000.00
Agreement Date:
Sep 30, 2022 - Dec 31, 2034
Description:
This project allows LG Energy Solutions and joint venture partner Stellantis to build and operate a 45 GWh lithium-ion electric vehicle (EV) battery manufacturing plant in Windsor, ON, which will enable the production of 350,000 EVs/year starting in 2025.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment establishes a new EV battery cell production facility in Canada, a first for the country, supporting Canada's transition to net-zero.
Location:
Toronto, Ontario, CA M5L1B9
Reference Number:
033-2022-2023-Q2-819553
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
730481009
Recipient Type:
For-profit organization
Additional Information:
This is a non-replayable contribution.
This project was not previously disclosed to protect Canada’s economic interests, avoid any prejudice to Innovation, Science and Economic Development's (ISED) competitive position or to interfere with contractual or other negotiations, and create expectations for companies on negotiating terms.
Recipient's Operating Name:
NextStar Energy Inc.
Recipient's Legal Name:
NextStar Energy Inc.
Federal Riding Name:
Windsor--Tecumseh
Federal Riding Number:
35116
Program:
SIF Stream3- Attraction
Program Purpose:
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.