A small city in southwestern Ontario steeped in automotive manufacturing history is set to boom again with the creation of a huge new electric-vehicle battery plant.
St. Thomas, Ont., Mayor Joe Preston says the new $7-billion Volkswagen battery plant gives the community a bright future.
Volkswagen will build a “gigafactory” on a 1,500-acre site that will produce enough batteries for one million electric vehicles each year.Ottawa has committed $700 million in up front capital costs towards the project while Ontario added $500 million.The mayor says he has not stopped smiling since they landed the Volkswagen deal last month.“We did not know it could grow to be this big and look at what happened here in St, Thomas, Ontario. Dare to dream.
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