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, […]
Ontario automotive assembly plants could shut down within a week of being hit with a U.S. tariff on their vehicles, some industry observers say. Car dealers in the U.S. have seen inventory on their lots steadily growing for more than a year. There are now about three million unsold vehicles, and a 25 per-cent-price increase […]
Southwestern Ontario may be Ground Zero for the impact U.S. tariffs would have on the provincial economy, national economists warned.
The end of federal government cash subsidies for electric vehicle purchases will likely have little effect in London and region, the hub of EV production in Canada, say automotive industry observers.
Raw material for lithium, mined in the James Bay area of Quebec, will start making its way to St. Thomas. Read More