Canada and Ontario continue to attract historic, transformational investments across the electric vehicle supply chain, from mining vital minerals to manufacturing automobile batteries, in order to secure additional well-paying employment opportunities for workers now and in the future.
The largest automaker in Europe, Volkswagen, made an historic investment in Canada and Ontario last month. Volkswagen is effective money management $7 billion to lay out its most memorable abroad electric vehicle battery producing plant in St. Thomas, Ontario. This is the biggest electric vehicle-related interest in Canadian history, flagging areas of strength for an of trust in Canada and Ontario’s profoundly gifted, serious areas of strength for laborers, and cutthroat business conditions.
Ministers of Innovation, Science, and Industry François-Philippe Champagne and Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation, and Trade, joined Prime Minister Justin Trudeau and Ontario Premier Doug Ford today to highlight this historic agreement for St. Thomas, Ontario, and Canada’s entire electric vehicle supply chain.
The plant, Volkswagen’s biggest to date, will make up to 3,000 direct positions and up to 30,000 circuitous positions. The plant will produce batteries for up to one million electric vehicles annually when it is finished in 2027. This will increase Canada’s domestic battery manufacturing capacity to meet the current and future demand for electric vehicles. The plant will be Canada’s largest manufacturing facility and will have a value of approximately $200 billion. The construction is anticipated to begin in 2019.
Ontario will make investments in other significant regional infrastructure projects to strengthen and expand St. Thomas and the communities that surround it. These projects include enhancements to utility services, roads, highways, and police and fire services.
Global automakers, suppliers of battery materials for electric vehicles, and electric vehicle batteries have all made historic new investments in Ontario since 2020. Canada and Ontario have the expertise and resources necessary to maintain their position as global leaders in a variety of fields, including the mining of vital minerals and the production of batteries and electric vehicles. A healthy economy, well-paying jobs, and clean air now and in the future are all consequences of this.