Canada and Ontario Welcome Historic Investment from Volkswagen
Volkswagen is currently Europe’s largest automaker.
Queen's Park Update
Volkswagen, Europe’s largest automaker, announced that its subsidiary PowerCo will establish an electric vehicle (EV) battery manufacturing facility in St. Thomas, Ontario, Canada.
This historic investment is a testament to Canada’s strong and growing battery ecosystem and Ontario’s competitive business environment. With a highly skilled workforce, clean energy, an abundance of critical minerals, access to markets, and a flourishing automotive and battery sector, we are an attractive investment destination with everything companies need to grow. In addition, Canada and Ontario offer stability and predictability to their business partners.
This investment is another significant step forward as we build a clean transportation sector to meet global and North American demand for zero-emission vehicles.