That’s why Volkswagen lights up a super gigafactory in Canada
The investment, quantified at 4.8 billion euros, is intended to create tens of thousands of jobs in related industries. The Old Continent will not benefit from the Volkswagen plan, but Canada, which also steals the gigafactory from the USA. that's how
As is well known, Volkswagen is the European brand that more than any other runs towards the ecological transition, probably also to make people forget the innumerable aftermath of the dieselgate. The cornerstone of its strategy will be its first battery factory in North America, precisely in Canada, in St.Thomas, in the province of Ontario. The subsidiary PowerCo intends to build a plant there with an annual production capacity of up to 90 GWh.
VOLKSVAGEN HAS A HOUSE IN CANADA
Construction work is scheduled to start in 2024, with cell production starting in 2027. Once completed, the plant will occupy an area of 150 hectares, equal to over 210 football pitches, within a 600-hectare industrial park located in the heart of the so-called Great Lakes Automotive Corridor strategically connected to cities such as Toronto and the US automotive capital, Detroit.
The investment, quantified at 7 billion Canadian dollars (4.8 billion euros at current exchange rates) until 2030, is intended to create 3,000 direct jobs and other "tens of thousands" in related industries.
But why did Volkswagen choose Canada for its batteries?
CANADIAN STRATEGY BEATS EVEN THE USA
Mainly, the choice fell on Canada thanks to the numerous supports that arrive at all levels from Canadian entities . Justin Trudeau , the country's Prime Minister, has effectively geared up to grab industrial sites linked to the mobility of the future. The government has allocated an amount of resources similar to what Volkswagen would have received if it had chosen the United States to build its first gigafactory outside Europe.
In the past few hours, the Minister of Industry, Francois-Philippe Champagne , has announced that Volkswagen has signed an agreement that will lead the federal authorities to pay an initial capital of 700 million Canadian dollars and to disburse up to 13 billion in tax credits and other subsidies to support production activities over the next ten years. These are added to those also signed with the city which make Canada an attractive state for new gigafactories, also with respect to Joe Biden 's wrath which, it is known, is taking away many industries from the EU.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/ecco-perche-volkswagen-accende-una-super-gigafactory-in-canada/ on Fri, 28 Apr 2023 09:35:02 +0000.