A subsidiary company of Volkswagen will be building a new electric vehicle (EV) battery manufacturing facility in southwestern Ontario, the European automaker announced on March 13.
Volkswagen’s subsidiary company PowerCo will establish the facility in St. Thomas, Ont., which will be Volkswagen’s first overseas battery cell plant.
In a March 13 release, Industry Minister François-Philippe Champagne said the deal marked a “historic investment” and advanced efforts to position Canada and Ontario “as a global leader on the electric vehicle supply chain.”
Champagne also called the investment a step toward Canada’s commitment to reach net-zero greenhouse gas (GHG) emissions by 2050, which includes a goal outlined by cabinet to have one-fifth of all new passenger vehicles sold in Canada be zero-emission by 2026….