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Volkswagen to Build Billion-Dollar EV Battery Plant in Ontario

Dr.Ev by Dr.Ev
02/27/2024
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In a small city in southwestern Ontario, a massive space is set to be transformed into a Volkswagen plant that will make batteries for electric vehicles. This mega project, worth billions, is a comeback story for Saint Thomas, which lost thousands of jobs in its once-thriving auto sector more than a decade ago.

The project is expected to create 2,500 new positions and thousands of spin-off jobs. With the government of Canada and Ontario pledging support, the country is banking on its reserves of raw materials to help supply VW with lithium, nickel, and cobalt, making its future electric vehicles greener even as they are built.

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00:13 intro
01:10 job boom
02:05 come back story
02:19 autoindustry cycle
03:20 auto history
04:01 raw resources
04:25 benefits
04:49 economic growth
06:25 disadvantages
06:45 environmental impact
07:39 covid impact
08:25 auto industry negatives
09:18 EV evolution
09:31 Parts Manager Guide

Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended. ALL RIGHTS BELONG TO THEIR RESPECTIVE OWNERS*
This video is for educational and entertainment purposes only.

Volkswagen, Electric vehicles, Battery production, Ontario, Job creation, Economic growth, Sustainability, Clean energy, Environmental impact, Technological innovation, Auto industry, Raw materials

#autoindustry #automotive #auto #mechanics #mechaniclife #engineering #engine #engineers #cars #cardealership #dealership #dealershiplife #dealer #ev #electriccar #electricvehicle #volkswagen #ontario #fyp #batteryproduction #carbattery #economicalgrowth #rawmaterial

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