Volkswagen announced that its first gigafactory in North America will be located in the city of St. Thomas in the Canadian province of Ontario. By establishing a battery plant in North America, Volkswagen hopes to meet a major requirement to enable its EVs to be eligible for the US federal tax credit of $7,500.
The St. Thomas factory will be a joint venture between VW and Power Co, a new independent company created by the automaker to Read Entire Article