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LGES Stlantis joint venture to build lithium battery plant

 Last Update: 2022-05-16
 Source: Internet
 Author: User

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Canadian automaker Stlantis Group and LG Energy Solutions (LGES) have announced a joint venture agreement to build the first large-scale electric vehicle battery manufacturing plant in Ontario, Canada

As part of its strategic plan Dare Forward 2030, Stellantis announced a target of 5 million electric vehicle battery sales by 2030

LGES currently has an annual production capacity of more than 200 GWh in North America and will produce 2.

S&P Global Mobility data shows that the North American EV battery market will grow 58% annually, from 46 GWh in 2021 to 143 GWh in 2023 and 286 GWh in 2025

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