NEXTSTAR ENERGY INC.
$500,000,000.00 CAD
- Program
- SIF Stream 3 - Attraction
- Recipient country
- Canada
- Fiscal year
- 2022-2023
- Agreement period
- September 30, 2022 – December 31, 2037
- Reference
- ic:033-2022-2023-Q2-819553
Published purpose
This project is supported by a contribution of up to $500,000,000. This project allows LG Energy Solutions to build and operate a 45 GWh lithium-ion electric vehicle (EV) battery manufacturing plant in Windsor, ON, which will enable the production of up to 350,000 EVs/year. Additionally, the facility may produce batteries for energy storage systems (ESS). The project’s work phase is scheduled to end on September 30, 2028.
In plain English AI-generated
Funding supports the construction and operation of a 45 GWh lithium-ion electric vehicle battery manufacturing plant in Windsor, Ontario, enabling production of 350,000 EVs per year starting in 2025.
Category: Infrastructure Primarily funds activity in Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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