Description: WOLFSBURG, March 13 (Reuters) – Volkswagen said on Monday it will build its first North American battery cell plant in Canada, granting its cars access to U.S. subsidies which require that electric vehicles’ batteries are made with North American materials.
Source: Yahoo.Finance.com – video report
Date: Mar 11, 2023
Questions for discussion:
- Explain the decision to build the vehicles in South Carolina and the batteries in Canada as it relates to government incentives, supply channel challenges and costs?
- Is this a good business and governmental deal for the countries involved?