On the heels of a Volkswagen Group site visit and announcement this week about the progress onsite where Sebastian Wolf, Chief Operations Officer of PowerCo SE, shared: “We are fully on track. Site preparation, the first phase of Gigafactory St. Thomas, has been completed. We are now ready for the next stage on our path to the sustainable and responsible production of battery cells. PowerCo will be a reliable partner for the people in St. Thomas and Ontario.” today's episode features some epic timelapse footage highlighting the incredible work of the crews onsite.
The project is currently tracking on time for the largest PowerCo gigafactory to date with an annual production capacity of up to 90 GWh in the final expansion phase. The planned investment of up to €4.8 billion / CAD$ 7 billion by 2030 has the potential to create up to 3,000 highly skilled jobs at the factory, along with thousands of indirect jobs within the region. Furthermore, the cell factory will be supplied with CO2-free energy.
PowerCo-COO Sebastian Wolf seized the opportunity to reveal the name of the new Canadian entity: PowerCo Canada Inc., headquartered in St. Thomas, Ontario, will steer all activities of the battery company in North America. Thereby, PowerCo complements the establishment of a Canadian EV battery supply chain and supports the Canadian government's 2030 Emissions Reduction Plan. On a local level, PowerCo will work closely with the province of Ontario and the city of St. Thomas, along with local colleges to prepare the Canadian labour force for the tasks and processes of the new industry.
Read the full media release
Tune in again next week for some Holiday fun!