The federal and provincial governments said they have a pact to give the automaker and battery giant “performance incentives” capped at $15 billion, “subject to conditions and benefits to Canada and Ontario.” (The Logic)
The federal and provincial governments said they have a pact to give the automaker and battery giant “performance incentives” capped at $15 billion, “subject to conditions and benefits to Canada and Ontario.” (The Logic)
The federal and provincial governments said they have a pact to give the automaker and battery giant “performance incentives” capped at $15 billion, “subject to conditions and benefits to Canada and Ontario.” (The Logic)
Talking point: The figure for the 45-gigawatt hour, 2,500-worker plant exceeds the up to $13 billion in similar incentives offered to rival Volkswagen, which is building a 90 GWh plant that would create 3,000 direct jobs. The new deal prompted the Stellantis and LG to resume construction on their Windsor, Ont., plant, which they had suspended in mid-May in response to Volkswagen’s then-larger subsidy deal. The governments said that, as part of the deal, Stellantis will have to maintain production at its plant in Brampton, Ont., and will invest more in Canada and Ontario. Ontario’s government will provide a third of the subsidies, which are based on the number of batteries produced.
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