Volkswagen Eyes Battery Cell Plant In Ontario: Report

by Shivani Kumaresan, Benzinga Staff Writer

January 31, 2023 5:39 AM | 1 min read | Make a Comment

Volkswagen AG VWAGY is reportedly planning to build a battery cell facility in Ontario, Canada.
The province of Ontario has also chipped in with investments and incentives, Reuters reported.
Ontario’s lobby register has recorded five entries in January for Volkswagen, including one for the CEO, Oliver Blume.
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The automaker had in December laid out its intention to construct a battery cell plant in North America.
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Price Action: VWAGY shares closed lower by 0.84% at $17.19 on Monday.
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