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Federal authorities in talks over 3 battery crops, media stories say

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Canada is in sizzling pursuit of a minimum of three electric-vehicle battery crops, in response to plenty of media stories citing unnamed sources.

The Logic web site on Wednesday was first to report Canada’s discussions with South Korea’s LG Vitality. In line with the Logic, LG has exchanged time period sheets with each the Ontario and federal governments that lay out the circumstances for a possible $2.1-billion funding.

And, the Globe and Mail Thursday cited sources as saying the federal authorities is in talks with Stellantis, which the newspaper mentioned is seeking to construct a plant in partnership with French firm TotalEnergies.

Stellantis CEO Carlos Tavares mentioned earlier this 12 months the corporate needs to find two battery crops in North America and that Canada is within the operating for certainly one of them. He mentioned a choice could possibly be made by 12 months’s finish.

The Globe additionally mentioned a 3rd set of negotiations includes Ford Motor Co. That automaker has dedicated thousands and thousands and pledged plenty of EVs to be made at its meeting plant in Oakville, Ont.

The Globe and Mail didn’t determine any of its sources “because of the negotiations’ sensitivity.”

The Logic, nevertheless, reported that Trade Minister François-Philippe Champagne mentioned, “we’re getting nearer and nearer to land some very important funding.”

As reported by Automotive Information Canada this week, Champagne met with Stellantis and Normal Motors executives in Detroit, the place he pitched Canada as a “battery ecosystem.”

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