Canada and Ontario Governments to Jointly Support Stellantis, Volkswagen EV Battery Plants

July 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The governments of Canada and Ontario last week announced an agreement to jointly support two electric vehicle (EV) battery plants, which includes C$15 billion (US$11.29 billion) in incentives for a Stellantis (NYSE:STLA) (Amsterdam, Netherlands) joint venture in addition to up to C$13 billion (US$9.78 billion) for Volkswagen AG (VW) (Wolfsburg, Germany).