Volkswagen manufactures batteries for electric vehicles in Canada
European automaker Volkswagen has announced that its battery company PowerCo will establish its first overseas “gigafactory” for the manufacture of battery cells in St. Thomas in southwestern Ontario.
Actual production is scheduled for 2027. Construction of the plant in Canada will grant Volkswagen access to Canadian and US subsidies.
Volkswagen, however, has not given many details about its plans in Europe amid ongoing concerns about Washington’s green subsidies.
North America remains a strategic area for Volkswagen, with CEO Oliver Blume emphasizing that “our North American strategy is a key priority”.
Source: DW
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