Canada has landed a blockbuster commitment from the Volkswagen Group for its first North American battery factory in southwestern Ontario - one of the biggest milestones to date in this country’s efforts to establish itself as a major player in electric-vehicle manufacturing.
It’s a decision that will make waves across the auto sector, especially given aggressive competition from President Joe Biden’s administration to compete for such investments. It is not yet known how much money the federal and Ontario governments have put on the table for the project. They are believed to have committed roughly $1-billion combined for the other major EV battery-assembly investment in Canada to date, by Stellantis NV and LG Energy Solution in Windsor, Ont. But industry insiders have speculated that more would be needed to land other such commitments given that the U.S.
For a provincial government that CANCELLED EV rebates!
This is going to cost the taxpayers, isn't it.
It’s coming to Ontario because the automotive industry is paying the same wages since 2008 don’t believe the hype.
Don’t WANT it, it’s CRAPPPPPP