Volkswagen and its battery subsidiary PowerCo have begun searching for a site for the carmaker's first battery cell factory in North America, a company source told Reuters on Thursday.
The source said Canada was"a logical option" for the plant, which would be VW's first gigafactory outside Europe.
Europe's carmakers have pushed to secure stakes in battery production on the continent, but the industry there is still in its infancy. Meanwhile, Umicore on July 13 committed to spending about C$1.5 billion to build an integrated manufacturing plant for cathode and precursor battery materials outside Kingston, Ont.
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