Canada and Ontario are attracting significant investments across the electric vehicle (EV) supply chain, securing jobs and establishing themselves as key players in the EV industry. Recently, Volkswagen announced a historic $7 billion investment to establish its first overseas EV battery manufacturing plant in St. Thomas, Ontario, marking the largest EV-related investment in Canadian history. The plant, scheduled for completion in 2027, will generate up to 3,000 direct jobs and 30,000 indirect jobs, producing batteries for about one million electric vehicles annually. This massive project signifies a strong vote of confidence in Canada and Ontario's skilled workforce, robust economies, and competitive business environments.
The new plant will bolster Canada's domestic battery manufacturing capacity and contribute around $200 billion in value, becoming the country's largest manufacturing facility. Construction is slated to begin next year, reinforcing the commitment to a clean and sustainable future. The investments extend beyond the plant, as Ontario plans to enhance regional infrastructure, including roads, highways, utility services, and public safety, to support the growth of St. Thomas and surrounding communities. These developments underscore Canada and Ontario's role in leading the global EV industry, from mining critical minerals to producing batteries and electric vehicles, ensuring a strong economy and clean air for the present and future.
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