Feds, province expected to announce $4B battery plant for Windsor

[Margaret's boy]

Now this looks like a game-changer not only for the city of Windsor but all of southwestern Ontario and even southeast Michigan. Feds, province expected to announce $4B battery plant for Windsor | Windsor Star

[401don]

The Ontario gov't is 400 billion in debt but what the heck it's an election year. Ford, who ran as a fiscal conservative, criticizing the Liberals spending, is spending like a drunken sailor, refunding everybody their license stickers the past two years. At least this money makes a little sense.

[Satiricalivory]

Wow, this is fantastic news. We'll have battery plants on both sides of the river.

[MrMichigan]

Awesome news for our neighbors to the south and the whole Detroit-Windsor region.
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The sources said a 230-acre [[93-hectare) city property has been secured and that the facility will cost about $4 billion to build and employ up to 3,000 workers.

“This is huge for the city,” one of the sources told the Star. “It’s the biggest economic development investment in the city’s history.”

[Canadian Visitor]

Announcement is occurring as I post.

Provincial News Release is here:

https://news.ontario.ca/en/release/1...vinces-history

From the above:

The joint venture between LG Energy Solution, Ltd. [[LGES) and Stellantis N.V. will invest more than CDN $5 billion [[USD $4.1 billion) to build a facility in Windsor to manufacture batteries for EVs in Canada, representing the largest automotive manufacturing investment in the history of the province. This historic investment puts Ontario on a path to becoming one of the most vertically integrated automotive jurisdictions in the emerging North American EV market. The battery facility, with a production capacity of 45 gigawatt hours [[GWh) that will supply Stellantis plants in the North American market, will employ an estimated 2,500 people. Construction activities are scheduled to begin later this year with production operations planned to launch in the first quarter of 2024. The facility will be fully operational by 2025.