Volkswagen’s EV battery-maker charges ahead with $7 billion Ontario gigafactory as rivals’ plans stall

Darius Snieckus, National Observer »

PowerCo which has a $7 billion battery plant under construction in St, Thomas, Ontario credited a flexible technology manufacturing strategy with helping it weather regional sector uncertainties in Canada created by the combination of a slow-down in EV demand and the impact of US auto sector tariffs.

“Different companies will have different strategies for the markets and plants they serve. For PowerCo, Gigafactory St. Thomas is a strategic, long-term investment with strong fundamentals,” Tegan Versolatto, PowerCo’s Canada spokesperson, told Canada’s National Observer.