The Volkswagen Group’s battery company PowerCO SE plans to build its largest gigafactory in St. Thomas, Ontario, Canada. This is the first cell factory in North America for VW. The company said its goal is to produce up to 90 gigawatt-hours of battery capacity per year. The planned investment is upwards of 4.8 billion euros. It’s estimated that the factory will create up to 3,000 new jobs for locals.

Canada’s Prime Minister Justin Trudeau said: “It’s a win for workers, for the community and for the economy.”

St. Thomas is the company’s first overseas gigafactory for cell manufacturing. Groundbreaking is planned for 2024 and production is projected to begin in 2027.

Source: Volkswagen