Ford Says VW’s 2-Year Delay on Ontario Battery Plant Isn’t a Concern
Premier Doug Ford says the two-year delay in opening the Volkswagen electric vehicle battery plant in southwestern Ontario shouldn’t cause concern. Volkswagen subsidiary PowerCo Canada is attributing the delay at the $7 billion factory in St. Thomas, Ont., partly to a cooling in consumer appetite for electric vehicles. A press release from PowerCo said the […]
TL;DR
- Premier Doug Ford believes the two-year delay for the Volkswagen electric vehicle battery plant in Ontario is not a cause for concern.
- PowerCo Canada attributes the delay at the $7 billion factory in St. Thomas, Ont., partly to a decrease in consumer demand for electric vehicles.
- The plant is now anticipated to start operations in 2029, with provisions for next-generation battery technology and future market-driven expansion.
- EllisDon has been appointed as the general contractor for the subsequent phase of construction.
- Ford expressed confidence that the plant, set to be Canada's largest EV battery facility, will be completed within the revised timeline.