Canada offers VW €8,8 billion to reel in giga-battery factory

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April 24, 2023

Canada’s prime minister, Justin Trudeau, was present during VW Group’s announcement of the new Canadian battery factory, citing the economic importance of this new manufacturing facility /Volkswagen AG

VW Group's battery subsidiary PowerCo has announced its plans to build its largest battery cell factory in Canada, investing up to €4,8 billion in its creation. It's quite a safe investment as the Canadian government is offering up to €8,8 billion of subsidies in return. The PowerCo gigafacto
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