OTTAWA :Canada and Volkswagen on Friday together committed more than C$20 billion for a battery gigafactory in St. Thomas, Ontario, the biggest single investment ever in the country's electric-vehicle supply chain.
Ontario's provincial government also will provide C$500 million in direct investment to the German carmaker, as well as hundreds of millions of dollars to upgrade local infrastructure. The decision to build the plant in Ontario, Canada's most populous province and a key industrial engine of the country, was announced last month. The battery plant is expected to be Volkswagen's largest and create up to 3,000 jobs. Groundbreaking is planned for 2024 and production is projected to begin by 2027, the carmaker said.
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