Volkswagen to Build Battery Cell Factory in Canada
13 März 2023 - 05:00PM
Dow Jones News
By Pierre Bertrand
Volkswagen AG said Monday that it will build a "gigafactory" in
Canada for producing sustainable unified cells to equip battery
electric vehicles.
The factory in St. Thomas, Ontario will be built for the German
car maker's battery company PowerCo SE and is set to be its first
battery cell factory in North America, Volkswagen said.
First production is planned for 2027 as Volkswagen works on
introducing more than 25 new battery electric vehicle models
through 2030, Volkswagen said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
March 13, 2023 11:45 ET (15:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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