Daily Expert News
No Result
View All Result
Tuesday, May 17, 2022
  • Login
  • Register
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home World Americas

Stellantis, maker of Chryslers and Jeeps, and LG will spend $4 billion on a new battery plant in Ontario.

by Nick Erickson
March 23, 2022
in Americas
130 3
0
Stellantis, maker of Chryslers and Jeeps, and LG will spend $4 billion on a new battery plant in Ontario.
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
ADVERTISEMENT


Stellantis and a partner, LG Energy Solution, said on Wednesday that they would build a battery plant together in Windsor, Ontario, to supply the critical components for a range of electric jeeps and trucks that the automaker plans to introduce in the coming years.

The two companies expect to invest $4.1 billion in the factory and create 2,500 jobs. Stellantis, which was formed last year by a merger of Fiat Chrysler and French carmaker Peugeot, has long operated a minibus factory in Windsor.

The new factory is the latest in a series of factories that automakers have said they will build in North America as they rush to produce electric cars and trucks and overtake Tesla, which dominates the burgeoning electricity market. General Motors expects a battery plant in Lordstown, Ohio, to begin production this summer and is building a second one in Tennessee. Ford Motor has announced plans to build two battery plants in Kentucky and a third in Tennessee. Toyota has chosen North Carolina for a battery factory.

Stellaantis said this month it aims to introduce 25 electric vehicles in the United States by 2030 and plans to build at least two battery plants in North America. The new models include an electric Jeep to be introduced next year and an electric Ram pickup in 2024.

“Our joint venture with LG Energy Solution is yet another stepping stone towards achieving our aggressive electrification roadmap in the region, which aims to achieve 50 percent of U.S. battery electric vehicle sales by the end of the decade. and Canada,” said Stellantis CEO. Carlos Tavares said in a statement.

Ford is expected to begin production of an electric version of its F-150 pickup in April. GM expects to start making an electric Chevrolet Silverado truck next year.

ADVERTISEMENT
ADVERTISEMENT
Tags: batterybillionChryslersDailyExpertNewsJeepsmakerOntarioPlantSpendStellantis

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

Most Canadians don't want Charles as king, but changing royal rule isn't easy
Americas

Most Canadians don’t want Charles as king, but changing royal rule isn’t easy

May 17, 2022
From streets to rallies, truck drivers and supporters weigh conservative candidates
Americas

From streets to rallies, truck drivers and supporters weigh conservative candidates

May 14, 2022
Biden's Summit of the Americas Is Threatened by Boycotts, Confusion
Americas

Biden’s Summit of the Americas Is Threatened by Boycotts, Confusion

May 12, 2022
Outside the walls of a Salvadoran prison, 'We are all crying mothers'
Americas

Outside the walls of a Salvadoran prison, ‘We are all crying mothers’

May 12, 2022
Long after they drove off, Canada's truck blockades have a political champion
Americas

Long after they drove off, Canada’s truck blockades have a political champion

May 11, 2022
Ecuador prison riot kills dozens
Americas

Ecuador prison riot kills dozens

May 9, 2022
  • Trending
  • Comments
  • Latest
Live updates: Russia invades Ukraine

Ukraine pledges ‘immediate investigation’ after video surfaced of soldiers shooting Russian prisoners

March 28, 2022
An Anaconda's Playdate With Dolphins Took a Strange Turn

An Anaconda’s Playdate With Dolphins Took a Strange Turn

May 2, 2022
'Better Call Saul' Season 6, Episode 2: Do the Hustle

‘Better Call Saul’ Season 6, Episode 2: Do the Hustle

April 19, 2022
And now the $200,000 facelift

And now the $200,000 facelift

May 3, 2022

Hello world!

0
NDTV News

IT startup Fareye aims to change Unicorn within a year, founder says

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
NDTV News

US missile tested faster than 5 times the speed of sound

May 17, 2022
IOCL Hires Engineers, Officers via GATE Score, Salary up to Rs 1,60,000

IOCL Hires Engineers, Officers via GATE Score, Salary up to Rs 1,60,000

May 17, 2022
GST Council Meet Today: View GST Meet Agenda, What States Want, Other Details

GST Portal Glitch: GST Application Deadline for April May Be Extended; Know details

May 17, 2022
How 5 States' Election Results Could Affect Tomorrow's Stock Market

Sensex records biggest one-day rally in 3 months, up 1,344 points, handy ends above 16,200

May 17, 2022
ADVERTISEMENT

Recent News

NDTV News

US missile tested faster than 5 times the speed of sound

May 17, 2022
IOCL Hires Engineers, Officers via GATE Score, Salary up to Rs 1,60,000

IOCL Hires Engineers, Officers via GATE Score, Salary up to Rs 1,60,000

May 17, 2022

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.