World News | Volkswagen to build EV battery plant in Canada

ST. THOMAS (Canada), March 13 (AP) – Volkswagen AG on Monday announced plans to build a major electric vehicle battery factory in Canada.

Volkswagen Group and its battery company PowerCo will build its first “gigafactory” overseas, the European carmaker said. Battery manufacturing in St. Thomas, Southwest Ontario. Production is planned to begin in 2027.

Read also | China’s ‘Digital Silk Road’ in South Africa, US questions espionage.

The company signed an agreement with the Canadian government last year to work on finding a suitable site for such a facility in Canada. It also pledged to study how Canada could contribute to Volkswagen’s battery supply chain, including raw materials and assembly.

Ontario made the announcement last month, introducing and quickly passing a law adjusting municipal boundaries for a 1,500-acre “megasite”? in southwestern Ontario.

Read also | Russian President Vladimir Putin may attend the G20 summit in India, the Kremlin said, but no decision has been made.

The province’s economic development minister, Vic Fedeli, said at the time that the land straddles two municipalities but is being consolidated into one to remove the bureaucratic challenges of dealing with both municipalities.

Canada has made at least 10 major EV-related commitments totaling more than C$16 billion ($12 billion) in the past two years, as federal and provincial governments struggle to attract investment in the industry. (Associated Press)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)