• 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

Genesis Energy,Desert Tech. announce clean energy alliance

Genesis Energy Holding, a Pan-African leader in clean energy infrastructure, and Desert Technologies Industries Factory CJSC, a Saudi-based…

Mouka reaffirms raw material leadership in Africa

Mouka, Nigeria’s leading manufacturer of quality sleep solutions and a proud member of the Dolidol International group, has…

Agboola advocates stronger cross-border infrastructure

Flutterwave CEO and Founder, Olugbenga “GB” Agboola , has called for accelerated investment in Africa’s cross-border payment infrastructure…

Munga increases stake in Equity Group by over $1.2m

Equity Group founder, Peter Munga, has made a strong return to the lender’s shareholder register, purchasing 3.64 million…