| Stellantis halted the construction of its $3.74B electric vehicle plant in Windsor, Canada, as it claims the Canadian government has not delivered on subsidies. The automaker and its battery partner, LG Energy Solutions, say they will implement contingency plans. - A
spokesperson for Canadian Innovation Minister Francois-Philippe
Champagne and Finance Minister Chrystia Freeland said the government
continues to negotiate with Stellantis.
- Stellantis is
reportedly seeking an improvement on its deal with Canada at the level
of the subsidies promised to Volkswagen, which includes up to CA$13.2B
(~$9.8B) in manufacturing tax credits through 2032.
- According
to the Toronto Star, Stellantis began pursuing a better deal with Canada
after the Inflation Reduction Act passed in the U.S., which provides
$369B in subsidies for EV manufacturing.
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