Canada has the raw materials and knowhow required for modern battery production. It would only make sense to set up a factory central to the trending demand. It’s the next logical step.
Volkswagen (VOWG_p.DE) is looking at setting up a battery cell factory in Ontario, Germany’s Handelsblatt business daily reported on Tuesday, adding the Canadian province had offered investments and other incentives.
Five entries from this month are listed in a lobby register of the province for Volkswagen, including one that mentions Volkswagen Chief Executive Oliver Blume by name, the report said, citing the documents.
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