Is it possible that the best electric vehicle stock for Canadian investors is based in Wolfsburg, Germany?
It’s certainly looking that way after the Ontario provincial government and Volkswagen (US:VLKAF DE:VOW3) announced that it would build its first North American EV battery manufacturing plant in St. Thomas, Ontario, about halfway between Toronto and Windsor.
The announcement comes nearly a year after the Ontario government began meeting with the German car maker’s representatives to secure the plant. Discussions heated up in October, culminating in this past Monday’s big news.
This announcement is one more step in the provincial government’s Driving Prosperity plan, which seeks to…