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ST. THOMAS, Ont. — A massive new Volkswagen electric-vehicle battery plant in southwestern Ontario will create up to 3,000 direct jobs and 30,000 indirect jobs in the region.
"We've landed the largest auto investment in the province's history," said Ontario Economic Development Minister Vic Fedeli.Volkswagen's contract with Canada will include an upfront capital investment of $700 million and production subsidies for every battery the company makes and sells, amounting up to $13 billion over a decade.
The plant is expected to produce enough batteries for up to one million electric vehicles per year, the province said. Federal Industry Minister François-Philippe Champagne and Fedeli formally pitched the company in Germany last fall, which became a turning point in the deal. The United States had an edge on proximity to vehicle manufacturing because Canada has no Volkswagen plant. But Canada had the edge on raw materials — namely the minerals and metals needed for the batteries — as well as an abundance of clean power.
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