The bankruptcy of a Volkswagen partner in electric vehicle battery production will not threaten the automaker’s St. Thomas investment, industry experts say. The development does, however, demonstrate increasing volatility in the EV sector during this high-tariff automotive environment, and the $7-billion PowerCo EV battery plant in Southwestern Ontario may face future delays, they said. Northvolt, […]

German auto giant Volkswagen is sticking with a 2027 opening date for its St. Thomas electric vehicle battery plant, as Ford pushes back its start date and other automakers delay their EV strategies. Read More