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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

'Generation of investment needed to stop knife crime scourge', Met chief warns

'Generation of investment needed to stop knife crime scourge', Met chief warns

A generation of investment is needed to stop scared young people in London and elsewhere from carrying blades, a Scotland Yard knife crime chief has said, as he warned that some teenagers are going out armed because they feel unprotected on the streets.

Evening Standard

Fly-tipper caught out by Wandsworth councillor after dumping box with name and address

Fly-tipper caught out by Wandsworth councillor after dumping box with name and address

The rubbish was cleared around half an hour after the councillor confronted the fly-tipper

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Mourners begin days of funerals for Iran's president and others killed in helicopter crash

Mourners begin days of funerals for Iran's president and others killed in helicopter crash

Mourners began gathering Tuesday for days of funerals and processions for Iran’s late president, foreign minister and others killed in a helicopter crash

The Independent UK

Most drivers hit with £180 Ulez fine since expansion have failed to pay it

Most drivers hit with £180 Ulez fine since expansion have failed to pay it

TfL says almost a million fines were ‘outstanding’ – or unpaid after a month – leaving it owed £218,316,553

Evening Standard

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NASCAR Drama: Stenhouse Vs. Busch Brawl At All-Star Race

NASCAR Drama: Stenhouse Vs. Busch Brawl At All-Star Race

Exciting NASCAR All-Star Race at North Wilkesboro Speedway with Logano's win and Stenhouse-Busch altercation.

Drivers warned of 90-minute delays on M25 during busiest May bank holiday weekend since 2019

Drivers warned of 90-minute delays on M25 during busiest May bank holiday weekend since 2019

This weekend could be the busiest of the year so far on the roads

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Top stories on inkl right now

'Generation of investment needed to stop knife crime scourge', Met chief warns

'Generation of investment needed to stop knife crime scourge', Met chief warns

A generation of investment is needed to stop scared young people in London and elsewhere from carrying blades, a Scotland Yard knife crime chief has said, as he warned that some teenagers are going out armed because they feel unprotected on the streets.

Evening Standard

Fly-tipper caught out by Wandsworth councillor after dumping box with name and address

Fly-tipper caught out by Wandsworth councillor after dumping box with name and address

The rubbish was cleared around half an hour after the councillor confronted the fly-tipper

Evening Standard

Mourners begin days of funerals for Iran's president and others killed in helicopter crash

Mourners begin days of funerals for Iran's president and others killed in helicopter crash

Mourners began gathering Tuesday for days of funerals and processions for Iran’s late president, foreign minister and others killed in a helicopter crash

The Independent UK

Most drivers hit with £180 Ulez fine since expansion have failed to pay it

Most drivers hit with £180 Ulez fine since expansion have failed to pay it

TfL says almost a million fines were ‘outstanding’ – or unpaid after a month – leaving it owed £218,316,553

Evening Standard

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

Already a member? Sign in here

NASCAR Drama: Stenhouse Vs. Busch Brawl At All-Star Race

NASCAR Drama: Stenhouse Vs. Busch Brawl At All-Star Race

Exciting NASCAR All-Star Race at North Wilkesboro Speedway with Logano's win and Stenhouse-Busch altercation.

Drivers warned of 90-minute delays on M25 during busiest May bank holiday weekend since 2019

Drivers warned of 90-minute delays on M25 during busiest May bank holiday weekend since 2019

This weekend could be the busiest of the year so far on the roads

Evening Standard

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How cockroaches spread around the globe to become the pest we know today

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