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LG Energy, Stellantis Plant In Ontario Begins Battery Production

2024-10-23 16:23

Wedoany.com Report-Oct 23, Korean battery maker LG Energy Solution (LGES) said Wednesday that its joint venture with multinational automaker Stellantis had begun producing battery modules in Canada.

In early 2022, LGES and Stellantis announced a plan to build an EV battery plant in Ontario, Canada, through their venture, NextStar Energy.

NextStar Energy facilities will have an annual production capacity of 49.5 gigawatt-hours of EV batteries, which is enough to power 450,000 vehicles annually, LGES said.

Battery cell manufacturing will begin in the Ontario plant next year when construction is complete, the company said.

“The start of module production is its most significant operational milestone yet, demonstrating NextStar Energy's commitment to becoming an industry leader in North American battery technology and production,” NextStar Energy said in a statement.

LGES currently operates seven battery cell plants — one each in Korea, Poland, China and Indonesia as well as three in the United States.

Asia South Korea Energy Storage

Battery Production

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