The battery division of Volkswagen Group, PowerCo SE, said it plans to construct its biggest battery gigafactory to date in St. Thomas, Ontario, Canada. A potential final expansion stage could produce up to 90 GWh of batteries annually.
This will be the company’s first overseas gigafactory for cell production, and it will provide the company’s BEVs in the North American region with their unified cells technology, a cell technology created for mass production. Construction is expected to start in 2024 and be completed in 2027.
Source: CleanTechnica Read The Article
PSR Analysis: The choice to extend PowerCo SE’s cell production network to Canada is more evidence of the Volkswagen Group’s growth plan for the North American market, and it also demonstrates that the Canadian government is prepared to offer incentives similar to those available under the US’s IRA legislation. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
