Volkswagen and PowerCo SE will build their largest cell factory to date in Canada

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Dr. Stefan Ernst
Dr. Stefan Ernst
Volkswagen Group Technology Spokesperson Battery | Volkswagen Group Technology
Andreas Groß
Andreas Groß
Spokesperson Corporate | Volkswagen Group Technology
Volkswagen and PowerCo SE will build their largest cell factory to date in Canada
(from left) Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, Kai-Alexander Müller, CFO PowerCo SE, Sebastian Wolf, COO PowerCo SE, Justin Trudeau, Prime Minister of Canada, Frank Blome, CEO PowerCo SE, Jörg Teichmann, CPO PowerCo SE, Soonho Ahn, CTO PowerCo SE
  • PowerCo SE’s first cell factory in North America aims to produce up to 90 gigawatt hours per yea
  • Investment of up to 4.8 billion euros until 2030 underlines ambitious growth strategy in the North American region
  • Gigafactory St. Thomas will potentially create up to 3.000 highly skilled jobs and tens of thousands more indirect jobs

St. Thomas, Ontario/Canada. The Volkswagen Group is pushing ahead with its ambitious electric vehicle (EV) strategy in North America. Its battery company PowerCo SE aims to build its largest gigafactory to date in St. Thomas, Ontario/Canada with an annual production capacity of up to 90 GWh in the final expansion phase. The planned investment of up to €4.8 billion / CAD$ 7 billion until 2030 has the potential to create up to 3,000 highly skilled jobs at the factory and tens of thousands more indirect jobs in the region. The announcement was made today in the presence of Canada’s Prime Minister, the Right Honourable Justin Trudeau, the Honourable François‑Philippe Champagne, Minister of Innovation, Science and Industry, Ontario’s Premier, the Honourable Doug Ford, the Honourable Victor Fedeli, Ontario's Minister of Economic Development, Job Creation and Trade, and Joe Preston, Mayor of the City of St. Thomas.

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