Volkswagen considering battery cell factory in Ontario -Handelsblatt
Reuters
Published Jan 31, 2023 07:51
Updated Jan 31, 2023 17:23
BERLIN (Reuters) -Volkswagen is looking at setting up a battery cell factory in Ontario, Germany's Handelsblatt business daily reported on Tuesday, adding 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 (ETR:VOWG_p), including one that mentions Volkswagen Chief Executive Oliver Blume by name, the report said, citing the documents.
Reuters independently verified the entries, made on the website lobbyist.oico.on.ca.
A Volkswagen spokesperson did not want to comment on the Handelsblatt report and said a decision on the location of 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 Ontario wanted to be "considered in competition with other locations".
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.