PowerCo Postpones Canada Gigafactory Opening to 2029 Amidst EV Slowdown
CAVolkswagen
Volkswagen Group's battery arm, PowerCo, has announced a delay in the operational start of its planned gigafactory in St. Thomas, Ontario, pushing the timeline back to 2029. This adjustment reflects a more cautious approach to EV market growth, as the company cites a challenging sales environment for electric vehicles.
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