Volkswagen Delays Production at Ontario Electric Vehicle Battery Plant Until 2029
PowerCo Canada says the later opening will let the $7 billion project add next-generation battery technology and align with market demand, officials said.
- PowerCo Canada announced Thursday that the opening of its electric vehicle battery 'gigafactory' in St. Thomas, Ont., is delayed by two years, with operations now scheduled to begin in 2029.
- The Volkswagen subsidiary is aligning the $7 billion project with 'evolving market demand' and next-generation battery technology, retaining flexibility to scale production as market conditions change.
- Originally announced in 2023, the facility promises up to $13 billion in federal subsidies alongside $700 million in federal capital costs and $500 million from Ontario, supporting about 3,000 direct jobs.
- PowerCo selected Mississauga-based EllisDon Corp. on Thursday as general contractor to manage core infrastructure and structural work for the next construction phase.
- Chief procurement officer Joel Karlsberg stated the delay is meant to 'protect our long-term investment' and support regional jobs following the 2025 start of foundation work.
23 Articles
23 Articles
Volkswagen delays Ontario EV battery plant opening to 2029
The opening of a massive Volkswagen electric vehicle battery plant in southwestern Ontario has been pushed back two years until 2029. PowerCo Canada, a subsidiary of the German automaker, says it is delaying production at the $7-billion factory in St. Thomas, Ont., in order to align the project's timeline and product strategy with evolving market demand, technological advancements and the Volkswagen Group's long-term strategy. It says the later …
The Toronto Star
Volkswagen delays production at Ontario electric vehicle battery plant until 2029
SAINT THOMAS - The opening of a massive Volkswagen electric vehicle battery plant in southwestern Ontario has been pushed back two years until 2029.
The opening of a huge Volkswagen electric vehicle battery plant in southwestern Ontario was postponed from two years to 2029.
Coverage Details
Bias Distribution
- 76% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
