A massive new Volkswagen electric-vehicle battery plant in southwestern Ontario will create up to 3,000 direct jobs and 30,000 indirect jobs in the region.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and top brass from the German automaker are unveiling details of the new Volkswagen "gigafactory" that will be built in St. Thomas, Ont.Volkswagen, the world's largest automaker, will invest $7 billion in the electric-vehicle battery plant, which will be operated by its company, PowerCo.
The plant will be built on a 1,500-acre "megasite" with construction set to begin in 2024, and production expected to begin by 2027. Federal Industry Minister Francois-Philippe Champagne and Fedeli formally pitched the company in Germany last fall, which became a turning point in the deal. The United States had an edge on proximity to vehicle manufacturing because Canada has no Volkswagen plant. But Canada had the edge on raw materials -- namely the minerals and metals needed for the batteries -- as well as an abundance of clean power.
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