Volkswagen to build EV battery plant in Canada

Volkswagen is investing $7 billion to establish its first overseas electric vehicle battery manufacturing plant in St. Thomas, Ontario, Report informs referring to the prime minister of Canada’s website.

This is the largest electric vehicle-related investment in Canadian history, signaling a strong vote of confidence in Canada and Ontario’s highly-skilled workers, strong economies, and competitive business environments.

The plant, Volkswagen’s largest to date, will create up to 3,000 direct jobs and up to 30,000 indirect jobs. Once complete in 2027, the plant will produce batteries for up to one million electric vehicles per year, bolstering Canada’s domestic battery manufacturing capacity to meet the demand for electric vehicles now and into the future.

The plant, which will generate about $200 billion in value, will be the largest manufacturing plant in Canada. Construction is expected to begin next year.

Ontario will invest in other important infrastructure projects across the region, including improvements to roads, highways, utility services, and police and fire services.