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Japan auto giant's new EV battery plant will be the third in Ontario—in addition to a Volkswagen facility in St. Thomas to start construction in 2025 and a Stellantis-LG plant in Windsor under way since last year.
The funding agreement with the U.S. Commerce Dept. was contingent on the company's recently announced pledge to invest $50 billion in the plants over the next five years.
Project development continues in the state—with builder Equinor announcing a $600M Brooklyn port upgrade contract to Skanska—and in the US, with federal lease auctions announced for offshore Maine and Oregon as first of 12
through 2028.