Volkswagen Eyes Battery Cell Plant In Ontario: Report

  • 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.
  • Also Read: Volkswagen Keeps IPO Option Open For Charging, Energy Business
  • The automaker had in December laid out its intention to construct a battery cell plant in North America.
  • Also ReadGoogle, Porsche Trying To Seal Deal For App Access
  • Price Action: VWAGY shares closed lower by 0.84% at $17.19 on Monday.
  • Photo Via Company
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