VW to get $13B in subsidies from feds over the next decade in deal to lure first EV battery plant

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The federal and provincial governments are officially welcoming German auto maker Volkswagen to Canada, unveiling Friday what will be a massive plant in St. Thomas, Ont., that will employ up to 3,000 people. 

The plant will be VW’s largest in North America and has the potential to be the largest VW plant in the world, said Frank Blome, the CEO of PowerCo, the Volkswagen subsidiary that makes batteries for electric vehicles.

“St. Thomas was the capital for trains and Volkswagen is the capital for automotive, so we fit well together,” Blome said on Friday. “Congratulations on outperforming the competition and bringing this factory to St. Thomas.”

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Reading: VW to get $13B in subsidies from feds over the next decade in deal to lure first EV battery plant

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