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Stellantis reviewing government's latest financial offer for EV battery plant

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Stellantis confirms it has in hand a new financial offer from the government of Canada designed to help pay for an electric-vehicle battery plant already under construction in Windsor, Ont.

“Stellantis and LGES are in receipt of a written offer that is currently under financial and legal review,” Stellantis Canada spokeswoman LouAnn Gosselin told Automotive News Canada. “We have nothing further to add at this time.”

Ford has promised to use tax dollars to pay for one third of the cost of the offer, details of which are not known. However, one source familiar with the negotiations last week told Automotive News Canada, should the automaker and its partner accept the new deal, it could mean Ontario is on the hook for $5 billion.

A statement by Stellantis at that time read only that “Each of the Municipal, Provincial and Federal levels of the Canadian government have agreed to fully support the successful operation of the joint venture company.” One source told Automotive News Canada that plan includes moving the module production to the United States from Windsor.

 

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