Volkswagen AG has chosen Canada to build its first battery plant outside Europe in a bid to fast-track an expansion in the key US market.
The site, in St. Thomas, Ontario, is slated to start production in 2027, Europe’s biggest carmaker said Monday. The decision to locate the facility in Canada, amid rich incentives offered in the US as part of the Inflation Reduction Act, will help VW get access to key raw materials and clean energy, according to the company.
“We now have the unique opportunity to grow profitably in North America and play a key role in driving …
