Financial subsidies fall short of expectations Stellantis and LG New Energy are blocked in Canada's proposed battery plant

[financial subsidies do not meet expectations Stellantis and LG new energy battery plant in Canada blocked] May 13, Stellantis Group spokesman said in an email statement on May 12, as of that day, the Canadian government has not fulfilled its commitment to invest more than C $5 billion battery plant, so the company and South Korea's LG New Energy Company immediately began to implement the "contingency plan." Earlier in the day, the Toronto Star reported that Stellantis threatened to cancel its planned investment in battery plants unless subsidies from its investment agreement with the Canadian government were raised to the level announced by Volkswagen this year.