- Volkswagen announced that its first gigafactory in North America will be located in Ontario, Canada.
- By establishing a battery plant in North America, VW hopes to meet a major requirement to enable its EVs to be eligible for the US federal tax credit of $7,500.
- This factory will be a joint venture between VW and Power Co, a new independent company created by the automaker to oversee its massive $20 billion battery initiatives.
