The Canadian government will allocate up to 13.2 billion Canadian dollars (8.8 billion euros) over ten years to the German automaker Volkswagen to build its first electric battery plant outside of Europe in Canada, reports AFP.
In mid-March, Volkswagen announced its intention to build a plant in St. Petersburg. Thomas, Ontario has become the first automaker to locate in Canada in 35 years.
“The investment will depend on the number of batteries produced and will range from $8 to $13.2 billion,” the government said.
Prime Minister Justin Trudeau said the plant would create “3,000 direct jobs and up to 30,000 indirect jobs,” calling it a “historic step forward.”
Work will begin next year, and production will begin in 2027.
The plant will produce batteries for “up to a million electric cars per year.”
“Factory in st. Thomas will be a national anchor in the EV supply chain,” Trudeau added at the press conference.
Volkswagen is investing “$7 billion” in the plant, which is “the largest investment in the electric vehicle sector in Canadian history.”
Source: Hot News
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