Volkswagen to build EV battery plant in Ontario
Group and its battery company PowerCo will establish its first overseas “gigafactory” for battery cell manufacturing, with the start of production planned for 2027.
The company signed an agreement last year with the federal government to work to identify suitable sites for such a facility in Canada, and they had also committed to investigate ways for Canada to contribute to Volkswagen’s battery supply chains, including raw materials and assembly.Ontario set the stage last month for the announcement, introducing and quickly passing a law adjusting the municipal boundaries for a 1,500-acre “mega site” in southwestern Ontario.
Canada has seen at least 10 major electric vehicle-related commitments totalling more than $16 billion in the past two years as federal and provincial governments work to attract investments in the sector.Another vote of confidence in our plan to build. We’re unlocking the economic potential of critical minerals and investing in clean steel. We’re getting people into the skilled trades. We’re building the cars and batteries of the future.
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