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Stellantis, maker of Chrysler and Jeeps, and LG will spend $4 billion on a new battery plant in Ontario.

Stellantis and a partner, LG Energy Solution, said Wednesday they would jointly build a battery plant in Windsor, Ont., to supply critical components for a line of electric Jeeps and trucks the automaker aims to introduce to the world. course of the next few years.

The two companies plan to invest $4.1 billion in the plant and create 2,500 jobs. Stellantis, which was formed last year by the merger of Fiat Chrysler and French automaker Peugeot, has long operated a minivan plant in Windsor.

The new plant is the latest in a string of factories automakers have announced they will build in North America as they race to produce electric cars and trucks and catch up with Tesla, which dominates the market in rapid growth of electricity. General Motors expects a battery plant in Lordstown, Ohio, to start production this summer, and is building a second in Tennessee. Ford Motor has announced plans to build two battery plants in Kentucky and a third in Tennessee. Toyota chose North Carolina for a battery plant.

Stellantis said this month it aims to introduce 25 electric vehicles in the United States by 2030 and plans to build at least two battery factories in North America. New models include an electric Jeep which will be introduced next year and an electric Ram pickup in 2024.

“Our joint venture with LG Energy Solution is another stepping stone towards realizing our aggressive electrification roadmap in the region, aiming to reach 50% of battery electric vehicle sales in the United States and Canada by by the end of the decade,” said the CEO of Stellantis. , Carlos Tavares, said in a statement.

Ford is expected to start producing an electric version of its F-150 pickup in April. GM plans to start manufacturing a Chevrolet Silverado electric truck next year.

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