Canada Is Building What AMERICA Feared The Most
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Canada Is Building What AMERICA Feared The Most
11 401 просмотр · 1 день назад
Daily Shift Network
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11 401 просмотр · 1 день назад
Canada Is Building What AMERICA Feared The Most
Canada is building the largest factory of any kind in its history. A battery plant in St. Thomas, Ontario. Three hundred and seventy acres more than two hundred soccer fields. Six production blocks. Sixteen million square feet under roof. When complete, it will be PowerCo's largest gigafactory anywhere in the world. Larger than its plants in Germany. Larger than anything in Europe. Canada's largest electric vehicle battery plant. It will produce enough batteries for a million electric cars every year. Up to three thousand direct jobs. Tens of thousands more across the supply chain. Volkswagen is spending seven billion dollars of its own money.
Canadian taxpayers are covering up to thirteen billion more the largest single industrial subsidy in the country's history. The plant was scheduled to open in 2027. It has been pushed back to 2029. Canada made a bet. The biggest industrial bet in its history. The steel is going up.
For a hundred years, oil decided which countries were powerful. Countries with oil got rich. Countries without it fought for access. Entire economies rose and fell on the price of a barrel.
Batteries are the new oil. Every electric vehicle needs one. Every power grid, every phone, every laptop. The battery is the technology the entire energy transition depends on. And the country that manufactures the batteries controls the industry that makes everything else. Canada is spending twenty billion dollars to buy a seat at that table. That's the scale of this bet. If Canada stays out, the batteries come from somewhere else. The cars get built somewhere else. The jobs go somewhere else. It's a position in a supply chain that will define the next fifty years.
The St. Thomas plant is Canada's answer to a simple question: who builds the batteries the world will run on? Twenty billion dollars is the entry fee.
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