VW’s EV battery gigafactory in Ontario will strengthen its vertical integration plans – GlobalData
Following the news that the Canadian Federal Government and Volkswagen have agreed to invest more than $14.8bn for the construction of a battery gigafactory in Ontario, Lucy Tripathi, automotive senior analyst at GlobalData, ocomments: “Volkswagen is the second largest automaker in the world and the battery cell business is one of its new auto strategies, which will help the company in becoming a leader in low-carbon or zero-carbon emission mobility. The goal of Volkswagen is to have 80 per cent of its vehicles to be electric by 2030.