The opening of a massive Volkswagen electric vehicle battery plant in southwestern Ontario has been pushed back two years until 2029.
PowerCo Canada, a subsidiary of the German automaker, says it is delaying production at the $7-billion factory in St. Thomas, Ont., in order to align the project’s timeline and product strategy with evolving market demand, technological advancements and the Volkswagen Group’s long-term strategy.
It says the later opening date will allow for next-generation battery technology while retaining the flexibility to scale over time as market conditions evolve.
Below is the current state of VW and the German auto industry. Why would they risk more in Canada?
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