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Speaking at a Cabinet retreat, Trudeau said that Trump “represents uncertainty. Trudeau said that his industry and trade ministers will lead the “Team Canada approach” with the business community. Trump as president called Trudeau “weak” and “dishonest” and attacked Canada’s vital trade. Nelson Wiseman, a political science professor at the University of Toronto, said the Trudeau government is anxious about the prospect of another Trump presidency. "The impact would be greater on Canada than on any other country with the possible exception of Mexico,” Wiseman said.

Persons: —, Donald Trump, Justin Trudeau, Trudeau, ”, “, Trump, ” Trudeau, Kirsten Hillman, Washington's, ” François, Philippe Champagne, ” Daniel Béland, ” Béland, Nelson Wiseman, Wiseman, ” Wiseman Organizations: TORONTO, Trump, New, Republican, Trudeau’s, “ Team Canada, American Free Trade, U.S, Trade, Canada’s, Innovation, Science, Industry, McGill University, University of Toronto, “ Locations: Canada, U.S, Iowa, Montreal, Mexico, United States

☆ Trudeau Meets to Rally Ministers, Lawmakers Around Key Issues as Reelection Support Sags
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Conservative leader Pierre Poilievre would clobber Trudeau if an election were held today, according to an Angus Reid Institute poll published on Monday. Fewer than three-in-five (57%) of those who voted Liberal in 2021 say they would do so again, the pollster said. "This cabinet retreat is focused on issues as important as housing affordability and housing accessibility," Public Safety Minister Dominic LeBlanc told reporters late on Sunday. While president, Trump forced the renegotiation of the North American trade pact, a vital agreement for the Canadian economy. Last week, Trudeau said a second Trump presidency would be challenging and would reflect "a lot of anguish and fury."

Persons: Steve Scherer OTTAWA, Justin Trudeau, Pierre Poilievre, clobber Trudeau, Angus Reid, Marc Miller, Dominic LeBlanc, Anita Anand, Donald Trump, Trump, Francois, Philippe Champagne, We've, Champagne, Trudeau, Steve Scherer, Bill Berkrot Organizations: Canadian, Conservative, Angus, Angus Reid Institute, Liberal, Public, North, Industry, Trump Locations: Montreal, Ottawa, United States, North American, U.S, Canada

AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. Britain's technology minister Michelle Donelan said "the right people with the right expertise" would be around the table to discuss how to mitigate the risks of AI. China will be a key participant, given the country's role in developing AI technology, although questions have been raised by some lawmakers in Britain about its presence. The U.S. ambassador to Britain, Jane Hartley, said the AI conversation should be global, but added that the invitation to China had come from London. Reporting by Paul Sandle and Martin Coulter Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Rishi Sunak, Sam Altman, Sceptics, Kamala Harris, Ursula von der Leyen, Antonio Guterres, Michelle Donelan, Jane Hartley, Francois, Philippe Champagne, Paul Sandle, Martin Coulter, Mark Potter Organizations: REUTERS, Safety, European Union, Elon, Bletchley, European, U.S, United Nations, Reuters, Thomson Locations: Britain, United States, China, European Union, U.S, London

☆ Canada to give Belgium's Umicore up to C$1 bln for new battery components plant
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Oct 16 (Reuters) - Canada and the province of Ontario will give up to C$1 billion to a unit of Belgium's Umicore (UMI.BR) to help it build a plant that will produce components for electric vehicle batteries, Ottawa said on Monday. The plant - the first of its kind in North America - will initially employ 600 people and have a battery materials production capacity of 35 gigawatt hours annually. Canada, home to a large mining sector for minerals such as lithium, nickel and cobalt, wants to woo firms involved in all levels of the electric vehicle (EV) supply chain via a multibillion-dollar green technology. The Umicore plant is due to be built in stages and could be worth C$2.7 billion when fully completed. Canada will invest up to C$551.3 billion with Ontario adding up to C$424.6 billion.

Persons: Francois, Philippe Champagne, Champagne, David Ljunggren, David Gregorio Our Organizations: OTTAWA, Thomson Locations: Canada, Ontario, Ottawa, Loyalist Township, North America

☆ Canada's grocery chains pledge to help cut food prices, government says
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

A person pushes a shopping cart through the produce section of a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Oct 5 (Reuters) - The Canadian government, under political pressure to tackle high inflation, said on Thursday the country's five major grocery chains had made an initial commitment to help stabilise food prices. Innovation Minister Francois-Philippe Champagne said Canadians would soon see discounts on a number of food products, as well as price freezes and price-matching campaigns. This is Day One of a fight that we are fighting on behalf of Canadians," Champagne told reporters when asked whether tax increases were still possible. Champagne also said Ottawa would establish a special grocery task force to monitor whether the chains were living up to their commitments to keep food prices under control.

Persons: Carlos Osorio, Francois, Philippe Champagne, Justin Trudeau, Champagne, David Ljunggren, Jane Merriman Organizations: REUTERS, Rights OTTAWA, Canadian, Innovation, Walmart, Costco, Thomson Locations: Toronto , Ontario, Canada, Ottawa

[1/4] A person shops in the poultry section at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Sept 18 (Reuters) - Canada's five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were difficult discussions with the chains. "They have agreed to support the government of Canada in our efforts to stabilize prices in Canada," Champagne told reporters, without giving details. "We're all committed to finding solutions to stabilize prices ... it's an industry issue.

Persons: Carlos Osorio, Francois, Philippe Champagne, Champagne, Eric La Fleche, We're, It's, Justin Trudeau, Karina Gould, Trudeau, Steve Scherer, David Ljunggren, Bernadette Baum, Bill Berkrot Organizations: REUTERS, Rights, Innovation, Metro, Walmart, Costco, Conservatives, Liberal, Thomson Locations: Toronto , Ontario, Canada, Ottawa, it's

Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.

Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru

View shows the site where the gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE will be built in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsSept 12 (Reuters) - The Canadian government will take 20 years to recoup the combined C$28.2 billion ($21 billion) subsidies it is offering Volkswagen and Stellantis-LG Electric Solutions (STLAM.MI), to build two electric vehicle (EV) battery plants, the country's budgetary watchdog said on Tuesday. Parliamentary Budget Officer Yves Giroux projected that the combined revenue generated from the two plants would only match the production subsidies by 2043, if production starts in 2024. In May, Stellantis stopped constructing its EV battery plant in Windsor, Ontario, saying the Canadian government did not deliver on the committed subsidies. The dispute was resolved after two months of bargaining when the government agreed to provide subsidies similar to the one it gave Volkswagen.

Persons: Carlos Osorio, Yves Giroux, Justin Trudeau, Stellantis, Francois, Philippe Champagne, Urvi, Divya Rajagopal, Josie Kao Organizations: Volkswagen Group's, REUTERS, Canadian, Volkswagen, LG Electric Solutions, EV, LG Energy, Thomson Locations: St, Thomas , Ontario, Canada, Windsor , Ontario, Ontario, Bengaluru, Toronto

☆ Wireless cellular service to be made available to all Toronto subway riders from October
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 14, 2022. François-Philippe Champagne, minister of innovation, science and industry, also said all carriers operating in Toronto must expand their existing network coverage to provide full voice, text and data services throughout the subway system. The lack of reliable cellular connectivity across the transit system has been a pain point for metro riders in Toronto, hampering access to emergency services when commuting via public transit, leaving passengers frustrated. Currently, only some carriers, including Rogers Communications (RCIb.TO) and Freedom Mobile, provide customers with wireless service in the subway system. "Cellular connectivity on the subway is about more than just convenience.

Persons: Chris Helgren, Philippe Champagne, Champagne, Deborah Sophia, Shailesh Organizations: Rogers, Rogers Communications, REUTERS, Canadian, Monday, Champagne, Freedom Mobile, Thomson Locations: Toronto, Ontario, Canada, François, Bengaluru

☆ Solus unit to build Canada copper foil facility as part of EV battery push
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Sept 5 (Reuters) - A unit of South Korea's Solus Advanced Materials (336370.KS) will build a copper foil facility in the Canadian province of Quebec, producing technology for electric vehicle (EV) batteries, Ottawa said on Tuesday. "Canada is a partner of choice when it comes to the future of the automotive sector," Champagne said in a statement. The Volta plant is expected to employ 260 people. Granby is close to Becancour, a small town to the east of Montreal seeking to become an EV supply chain hub. Last month a consortium of Ford Motor Co F.N and South Korean companies said they would build a C$1.2 billion plant to produce EV battery materials in Becancour.

Persons: Francois, Philippe Champagne, Champagne, David Ljunggren, Josie Kao Organizations: Volta Energy Solutions, Ford Motor Co, Thomson Locations: OTTAWA, KS, Canadian, Quebec, Ottawa, Granby, Canada, Becancour, Montreal

☆ Ford, partners pick Canada for $900 mln battery materials plant
▼ + stars: | 2023-08-17 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

The Ford logo is seen on the grill of an E-transit concept vehicle at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. The consortium includes South Korean partners EcoProBM (247540.KQ) and SK On Co Ltd, according a statement from the ministry. The factory will eventually produce 45,000 tonnes of cathode active materials (CAM) per year for Ford EVs. Ford in a separate statement described the materials as high-quality Nickel Cobalt Manganese (NCM) for rechargeable batteries that are targeting greater performance and improved EV range. Germany's BASF SE (BASFn.DE) is also building a battery materials factory there.

Persons: Phil Noble, EcoProBM, Ford, Lisa Drake, EVs, Francois, Philippe Champagne, Steve Scherer, Jane Merriman, Mark Porter Organizations: Ford, REUTERS, Rights OTTAWA, Ford Motor, South, SK, Co, Ford EVs, Reuters, General Motors Co, BASF, Volkswagen, Fiat, Chrysler, Detroit, Thomson Locations: Liverpool, Britain, Becancour, Quebec, North America, Ontario, St, Lawrence, Canada

[1/5] Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Dominic LeBlanc becomes public safety minister, taking over for Marco Mendicino, and Arif Virani moves from the back benches to become justice minister. "The shuffle does send a clear message that the government is aware that their current standing with the electorate is not healthy." An Abacus Data poll out on Wednesday shows his party opening up a big lead on the Liberals with 38% to 28% in public support. Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures.

Persons: Justin Trudeau, Blair Gable OTTAWA, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Dominic LeBlanc, Marco Mendicino, Arif Virani, Bill Blair, Anita Anand, Frank Graves, Pierre Poilievre, Poilievre pounced, Shachi Kurl, Angus Reid, David Ljunggren, Steve Scherer, Paul Simao, Mark Heinrich, Deepa Babington Organizations: Canada's, Rideau Hall, REUTERS, Canadian, Finance, Innovation, Infrastructure, Defense, Conservative, Abacus, Twitter, New Democrats, Angus, Angus Reid Institute, Conservatives, Liberals, Thomson Locations: Ottawa , Ontario, Canada

The official opposition Conservatives, who blame Trudeau for housing shortage and spiking inflation, have consistently been ahead in the polls for over year. "Bringing in fresh energy with new members and new challenges was important for our economic team in particular," Trudeau told reporters after the shuffle. [1/5]Canada's Prime Minister Justin Trudeau poses for a family photo with cabinet ministers, following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair GableConservative leader Pierre Poilievre pounced on the shuffle, calling it evidence of the prime minister's failures. "Justin Trudeau may have fired many of his cabinet ministers today, but he's just as out of touch as ever, doubling down on his inflationary, high-spending and high-taxing ways," he said in a statement.

Persons: Justin Trudeau, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Melanie Joly, Sean Fraser, Frank Graves, Blair Gable, Pierre Poilievre pounced, Jagmeet Singh, Kurl, Angus Reid, David Ljunggren, Steve Scherer, Ismail Shakil, Paul Simao, Mark Heinrich, Deepa Babington, Mark Porter Organizations: OTTAWA, Canadian, Liberal, Finance, Innovation, Infrastructure, Conservatives, Abacus, Canada's, Rideau Hall, REUTERS, Blair Gable Conservative, New Democrats, New, Angus, Angus Reid Institute, Liberals, Thomson Locations: Ottawa , Ontario, Canada

One well-placed Liberal source said Defence Minister Anita Anand was in the running to take over at Treasury Board, which has overall control of government spending. The Liberal source said seven ministers would be leaving the cabinet. The Canadian Broadcasting Corp, which also said seven would go, named Justice Minister David Lametti and Public Safety Minister Marco Mendicino as among the departees. Transport Minister Omar Alghabra, 53, said he would leave the cabinet immediately and not run in the next election. Public Procurement Minister Helena Jaczek, 72, and Fisheries Minister Joyce Murray, 69, said they also would not run again.

Persons: Justin Trudeau's, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Anita Anand, David Lametti, Marco Mendicino, Omar Alghabra, Helena Jaczek, Joyce Murray, Carolyn Bennett, Alghabra, David Ljunggren, Paul Simao, Jonathan Oatis Organizations: OTTAWA, Liberal Party, Innovation, Treasury Board, Liberal, Canadian Broadcasting Corp, Public Safety, Public Procurement, Fisheries, Mental, New Democrats, Thomson Locations: Jaczek

OTTAWA, July 24 - Canada's Liberal Prime Minister Justin Trudeau is planning to reshuffle his cabinet this week, likely replacing ministers deemed to have struggled in their posts or who are not planning on running again in the next election, two government sources said. It is common for cabinet members to clear their schedules and be called to Ottawa ahead of a reshuffle. Speaking to reporters in Toronto, the 72-year-old minister did not say whether she would stay in government in the meantime, adding only that she would do "whatever the prime minister wants me to do". The most influential ministers including Deputy Prime Minister and Finance Minister Chrystia Freeland, Foreign Minister Melanie Joly, Innovation Minister Francois-Philippe Champagne and Natural Resources Minister Jonathan Wilkinson are expected to keep their jobs. Trudeau won a parliamentary majority in 2015 but was reduced to leading a minority government after elections in 2019 and 2021.

Persons: Justin Trudeau, Trudeau, Carolyn Bennett, Marco Mendicino, Chrystia Freeland, Melanie Joly, Francois, Philippe Champagne, Jonathan Wilkinson, Steve Scherer, David Ljunggren, Deepa Babington, David Holmes Organizations: OTTAWA, Canada's Liberal, Canadian Broadcasting Corp, Mental, Liberal, Monday, Public Safety, Finance, Innovation, Natural Resources, New Democrats, Conservatives, Liberals, Thomson Locations: Ottawa, Toronto

July 5 (Reuters) - Stellantis-LG Energy Solution (LGES) (STLAM.MI) will resume construction of an electric-vehicle battery plant in Canada after the federal government and province of Ontario increased subsidies for the C$5 billion ($3.7 billion) project. The companies said on Wednesday battery production at the plant in the city of Windsor in Ontario was now set to begin in 2024, creating some 2,500 new jobs and targeting annual production capacity over 45 gigawatt hours. Stellantis and LGES first announced their battery plant investment in March last year, but tensions emerged a few months later in August when the U.S. passed the IRA, which includes a massive package of clean-tech incentives for companies. In April, Canada agreed to provide up to C$13 billion in manufacturing tax credits and a C$700 million grant to lure German automaker Volkswagen AG to build its North American battery plant in the country. It was the biggest single investment ever in Canada's EV supply chain.

Persons: Stellantis, LGES, North America Mark Stewart, Francois, Philippe Champagne, Chrystia Freeland, Steve Scherer, Ismail Shakil, Costas Pitas, Caitlin Webber, Eric Beech, Sonali Paul Organizations: LG Energy, Canada, IRA, Federal, Provincial, North America, Industry, Volkswagen AG, Thomson Locations: Canada, Ontario, Windsor, Detroit, United States, U.S, Ottawa

☆ Canada investing C$350 mln to boost drive for sustainable aerospace industry
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 19 (Reuters) - Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. "(This) ... will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy," he said. Aviation, which produces around 2% of the world's emissions, is considered one of the hardest sectors to decarbonise. The C$350 million includes a C$49 million aerospace innovation investment announced in 2019.

Persons: Francois, Philippe Champagne, David Ljunggren, Jonathan Oatis Organizations: OTTAWA, Innovation, Aviation, Airbus, Air, Thomson Locations: Canada, Vancouver

☆ Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 29 (Reuters) - Canada's federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical (GM.N)(005490.KS) battery materials facility that is expected create about 200 jobs in the country, the Canadian industry ministry said on Monday. The U.S. carmaker and South Korea's POSCO outlined their plan last year to build the facility in Becancour, Quebec, to produce cathode active material (CAM) for electric vehicle (EV) batteries. CAM includes components like processed nickel, lithium and other materials that make up about 40% of the cost of a battery, the industry ministry said in a statement. "This investment in GM-POSCO's new facility in Becancour will help further position Quebec as a key hub in Canada's growing EV supply chain," Industry Minister Francois-Philippe Champagne said.

☆ Ontario to offer more money for Stellantis to resume battery plant
▼ + stars: | 2023-05-19 | by ( Sam Jabri-Pickett | ) www.reuters.com time to read: +2 min

[1/2] Ontario's Premier Doug Ford and Canada's Prime Minister Justin Trudeau answer questions from the media at the Stellantis Research and Development Centre in Windsor, Ontario, Canada May 2, 2022. ... Read moreTORONTO, May 19 (Reuters) - Ontario Premier Doug Ford said on Friday that his government will put more money on the table to help carmaker Stellantis (STLAM.MI) resume its battery plant in Canada. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES) (373220.KS), saying Canada has not fulfilled the promises. read moreStellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies. Canada's federal government has argued that the province of Ontario, where the battery plant is being built, should pay its share to resolve the dispute.

☆ Canada has increased planned Stellantis battery factory support -minister
▼ + stars: | 2023-05-16 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

OTTAWA, May 16 (Reuters) - Canada has increased its planned support to carmaker Stellantis (STLAM.MI) to build a battery plant in Windsor, Ontario, the industry minister said on Tuesday, but it wants the Ontario provincial government to help pay for it. To break the "stalemate," it is important that Ontario "pay its fair share," Industry Minister Francois-Philippe Champagne told reporters at a news conference in Seoul. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES) (373220.KS). Canada has not delivered what it already promised and there are no new talks under way, Stellantis spokesperson LouAnn Gosselin said. Prime Minister Justin Trudeau is also making an official visit to South Korea this week before heading to the G7 in Japan.

☆ Canadian minister 'confident' of Stellantis battery plant deal
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, May 16 (Reuters) - Canada's industry minister is optimistic about reaching a deal with carmaker Stellantis (STLAM.MI) over subsidies to build a battery plant in Windsor, Ontario, provided that the provincial government also offers some support, he said on Tuesday. Stellantis stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES) (373220.KS), while in talks with the federal government. "I'm very confident that we will come to an agreement," Industry Minister Francois-Philippe Champagne told reporters at a press conference in Seoul. Talks with the company are ongoing, he said, adding that it was important that the Ontario provincial government "pay its fair share". Stellantis and LGES announced their battery plant investment last year, but tensions developed between the company and Canada after the country agreed in April to provide up to C$13 billion in subsidies and a C$700 million grant to lure German automaker Volkswagen AG (VOWG_p.DE) to build its North American battery plant in the country.

☆ Stellantis halts battery plant construction over dispute with Canadian govt
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Stellantis assembly worker works on the interior of a Chrysler Pacifica at the Windsor Assembly Plant in Windsor, Ontario, Canada. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. A spokesperson for Canada's Innovation Minister Francois-Philippe Champagne did not immediately respond to a request for comment. The move comes days after the carmaker and South Korea's LG Energy Solution Ltd (373220.KS) (LGES) said they were implementing "contingency plans" related to a more-than C$5 billion ($3.74 billion) battery plant investment in Canada. ($1 = 1.3372 Canadian dollars)Reporting by Ismail Shakil in OttawaOur Standards: The Thomson Reuters Trust Principles.

☆ Stellantis halts battery plant construction over dispute with Canadian government
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: +2 min

Canadian Prime Minister Justin Trudeau wears safety glasses as he attends a tour of the Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada. Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plant in Windsor, Canada, over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. The move comes days after the carmaker and South Korea's LG Energy Solution Ltd (373220.KS) said they were implementing "contingency plans" related to a more-than C$5 billion ($3.74 billion) battery plant investment in Canada. LGES and Stellantis announced their battery plant investment in the country last year, aiming for an annual production capacity in excess of 45 gigawatt hours (GWh) and expected to create an estimated 2,500 new jobs in the Windsor area.

☆ Stellantis, LGES implementing 'contingency plans' for battery plant in Canada
▼ + stars: | 2023-05-13 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

[1/2] A Stellantis sign is seen outside the company's headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 12 (Reuters) - Automaker Stellantis (STLAM.MI) and South Korea's LG Energy Solution (373220.KS) (LGES) are implementing "contingency plans" related to a more-than C$5 billion ($3.7 billion) battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said on Friday. "As of today, the Canadian Government has not delivered on what was agreed to, therefore Stellantis and LG Energy Solution will immediately begin implementing their contingency plans," Stellantis said in a brief emailed statement, without elaborating. LGES and Stellantis announced the investment last year to establish a large-scale, domestic, electric vehicle battery manufacturing facility in Canada. Canada's deal with Volkswagen for a battery gigafactory, announced this year, is the biggest single investment ever in the country's electric-vehicle supply chain.

[1/9] View shows the site where the gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE will be built in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos OsorioCompanies Volkswagen AG FollowStellantis NV FollowBERLIN, April 21 (Reuters) - Canada and Volkswagen (VOWG_p.DE) on Friday together committed more than C$20 billion ($14.8 billion) for a battery gigafactory in St. Thomas, Ontario, the biggest single investment ever in the country's electric-vehicle supply chain. Europe's largest carmaker is investing up to C$7 billion to build the plant, Volkswagen said in a statement. The battery plant is expected to be Volkswagen's largest and create up to 3,000 jobs. "This secures the future of St. Thomas," the city's mayor, Joe Preston, told Reuters earlier this week.

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