• Home
  • Business
  • Volkswagen considering battery cell factory in Ontario -Handelsblatt
Image

Volkswagen considering battery cell factory in Ontario -Handelsblatt

Volkswagen (VOWG_p.DE) is looking at setting up a battery cell factory in Ontario, the Handelsblatt business daily reported on Tuesday, adding that the Canadian province had offered investments and other incentives.

Five entries from this month are listed in a lobby register of the province for Volkswagen, including one that mentions Chief Executive Oliver Blume by name, the report said, citing the documents.

A Volkswagen spokesperson did not want to comment on the Handelsblatt report and stressed that a decision on a location for a North American factory had not yet been made.

The carmaker confirmed in December it was searching for a site for a battery cell plant in North America, and Blume said at the time said that Canada was “one logical option”.

The documents seen by Handelsblatt said that Ontario wanted to be “considered in competition with other locations”.

Source: Reuters

Related Posts

Henos Energy launches first drive-thru LPG outlet in Ghana

Henos Energy has officially commissioned Ghana’s first Drive-Thru Cylinder Distribution Outlet (CDO) at East Legon Hills in Accra,…

Coronation Insurance concludes year-long recapitalisation under new Insurance Act

Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements under the…

CIC Insurance launches new CIC Impact

-To target Kenya’s microinsurance market CIC Insurance Group has officially launched CIC Impact, a specialized microinsurance subsidiary aimed…

Africa50 Appoints Djalal Khimdjee as new CEO, Principal Investment Fund

Africa50, the pan-African infrastructure investment platform, has appointed Djalal Khimdjee as Chief Executive Officer of its Africa50 Principal Investment Fund (formerly Africa50…