Sherritt International Corp T.S

VW will build a battery plant in Ontario

[autofocus111]

Too bad they can't use nickel from S refinery for NA-built vehicles to be eligible for that big fat US incentive.

>>>Volkswagen announced plans on Monday to establish an electric vehicle battery plant in St. Thomas, Ont. The proposed project is not yet costed, but production is expected to begin in 2027. It’s the first overseas cell manufacturing gigafactory for the Volkswagen Group’s battery company PowerCo...Volkswagen said Monday that Canada offers “ideal conditions” for battery manufacturing, “including the local supply of raw materials and wide access to clean electricity.”

https://www.bnnbloomberg.ca/volkswagen-to-establish-ev-battery-plant-in-ontario-1.1894854

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[autofocus111]

The Ontario battery plant is part of VW's NA strategy and will supply units for vehicle production in USA. I doubt any of these batteries will be feeding EU car plants. VW is building battery plants out there for that. But sure, Sherrit will export Ni to the EU. >>>Volkswagen is looking to beef up its battery business and localize cell production for its electric vehicles....The news