Politics Briefing: Federal, Ontario governments commit up to $5-billion to Honda EV plant [Globe and Mail, The (Toronto, Canada)]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Globe and Mail, The
Co. will expand its Alliston, Ont., plant to manufacture electric vehicles and host a large EV battery plant. The move will add 1,000 jobs in what the two governments say is the largest single investment in Canadian auto sector history. The $15-billion investment includes $5-billion in government assistance: up to $2.5-billion from the federal government in tax credits it offers to clean technology and EV supply chain investments, and up to $2.5-billion from Ontario for the cost of construction and for expanding water and other similar services to the site. Other major investments in new EV plants and battery factories – also with multibillion-dollar government help – have also been announced recently in Windsor, Ont., where auto giant Stellantis and South Korea's LG Battery Solution are building a massive facility, and in St. Thomas, Ont., where Volkswagen was lured to build a so-called gigafactory battery plant. Full story here by Queen's Park reporter Jeff Gray and climate
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STLA
Sec Filings
- 5/1/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/26/24 - Form 6-K
- STLA's page on the SEC website