From mining critical minerals to building batteries and cars, Ontario and Canada continue to attract historic, transformational investments across the electric vehicle supply chain to secure more good-paying jobs for workers today and for decades to come.
In March, Ontario and Canada secured a historic investment from Volkswagen, Europe’s largest automaker. Volkswagen is investing $7 billion to establish its first overseas electric vehicle battery manufacturing plant in St. Thomas, Ontario. This is the largest electric vehicle-related investment in Canadian history, signaling a strong vote of confidence in Ontario and Canada’s highly-skilled workers, strong economies, and competitive business environments.
Premier Doug Ford and Prime Minister Justin Trudeau were joined today by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, and the Federal Minister of Innovation, Science and Industry, François-Philippe Champagne, to highlight this generational deal for St. Thomas, Ontario, and Canada’s entire electric vehicle supply chain.
The plant, Volkswagen’s largest to date, will create up to 3,000 direct jobs and up to 30,000 indirect jobs. Once complete in 2027, the plant will produce batteries for up to one million electric vehicles per year, bolstering Canada’s domestic battery manufacturing capacity to meet the demand for electric vehicles now and into the future. The plant, which will generate about $200 billion in value, will be the largest manufacturing plant in Canada. Construction is expected to begin next year.
To strengthen and grow St. Thomas and the surrounding communities, Ontario will invest in other important infrastructure projects across the region, including improvements to roads, highways, utility services, and police and fire services.
Since 2020, historic new investments have been made in Ontario by global automakers and electric vehicle batteries and battery materials suppliers. From mining critical minerals to building batteries and electric vehicles, Ontario and Canada have the resources and skilled workers to continue leading the world. This means a strong economy, good-paying jobs, and clean air now and into the future.
This is a generational investment by Volkswagen and PowerCo SE that will create good-paying and sustainable jobs for St. Thomas, Elgin County, London, and throughout Southwestern Ontario. Economic prosperity is occurring in our region and our government, under the leadership of Premier Ford, is getting it done by creating the right environment for businesses such as Volkswagen and their employees to prosper. Thank you, Volkswagen, and welcome to Elgin County!"
Careers in the auto sector are meaningful, well paying and offer a path to a better life. Today’s announcement is fantastic news for our community and will build a stronger southwestern Ontario for generations to come."
North America plays a key role in our global battery strategy. The region will become PowerCo’s second pillar beside Europe, with battery cells made in North America for North America. Gigafactory St. Thomas opens the door to a key market for e-mobility and battery cell production. We aim to make PowerCo a global player in the battery business and to pave the way for clean, sustainable mobility. Gigafactory St. Thomas is an important milestone in our roadmap."
We are honoured to partner with Canada, Ontario, and the City of St. Thomas to take the EV industry to a new level. PowerCo was founded in Europe to make a difference in the battery business, offering cutting-edge cell technology and sustainable manufacturing. That includes the creation of up to 3,000 new jobs and great working conditions for our employees in the St. Thomas area. We share the same values and are committed to be a reliable partner for the people in St. Thomas and Ontario."