Canada has won a bidding war with the United States to host Volkswagen’s first North American battery plant for electric vehicles. The plant will be built in St. Thomas, Ontario, covering 370 acres with six assembly lines. Canadian Prime Minister Justin Trudeau announced that Canada and the province of Ontario will provide a combined 1 billion Canadian dollars, or about $750 million in U.S. currency, to construct the factory, which will cost 7 billion Canadian dollars overall. Additionally, a separate agreement will provide 8 billion to 10 billion Canadian dollars in subsidies over the next decade to match benefits that Volkswagen would have received under the Inflation…
2023-04-21 14:17:03
Original from www.nytimes.com