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ARTICLE · 04 MAY 2023

Volkswagen AG Subsidiary, PowerCo SE, Invests In $7B EV Gigafactory In Canada

Bennett Jones LLP
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Bennett Jones is advising Volkswagen AG and its battery subsidiary, PowerCo SE, in the establishment of its first battery cell manufacturing plant in North America...

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Bennett Jones is advising Volkswagen AG and its battery subsidiary, PowerCo SE, in the establishment of its first battery cell manufacturing plant in North America—and its first outside of Europe. The gigafactory will be built in St. Thomas, Ontario.

This is the largest automotive industry investment in Canadian history. Volkswagen is the first original equipment manufacturer to enter Canada's automotive manufacturing sector in 35 years, and the first European one to do so. It is a historic investment that will benefit Canadians for generations, and benefit the world in the transition to zero emission vehicles.

"PowerCo SE's gigafactory in St. Thomas is a monumental investment in Canadian industry and its technology is on the cutting-edge of EV battery production," says Hugh MacKinnon, Chairman and CEO of Bennett Jones. "It is a prime example of how Bennett Jones' market-leading expertise can help clients succeed with complex, global,

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