Ontario Welcomes Historic Investment from Volkswagen
March 13, 2023
Ontario is welcoming an historic investment from Volkswagen to build its first overseas battery cell plant in St. Thomas, Ontario.
This game-changing investment is a testament to Ontario’s strong and growing battery ecosystem and 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.
Today’s news is a major vote of confidence in Ontario, and reconfirms the province’s position as a global leader on the electric vehicle supply chain.
We will continue to build on this success by growing our EV ecosystem and supporting clean technology to create well-paying jobs and spur economic growth and prosperity for future generations.
Read More: https://news.ontario.ca/en/release/1002817/canada-and-ontario-welcome-historic-investment-from-volkswagen