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PowerCo's $7 Billion EV Gigafactory to Create 33,000 Jobs

8/22/2025

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Summary

Story summary

PowerCo Canada is progressing with its EV battery gigafactory in St. Thomas, Ontario, awarding two significant construction contracts.
The facility is projected to generate around 3,000 direct jobs and 30,000 indirect jobs, with production starting in 2027.
Supported by a $7 billion investment, the project will supply batteries for U.S. vehicle assembly plants.
PowerCo is committed to its long-term plans despite market uncertainties and U.S. tariffs.

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Story summary

PowerCo Canada is progressing with its EV battery gigafactory in St. Thomas, Ontario, awarding two significant construction contracts.
The facility is projected to generate around 3,000 direct jobs and 30,000 indirect jobs, with production starting in 2027.
Supported by a $7 billion investment, the project will supply batteries for U.S. vehicle assembly plants.
PowerCo is committed to its long-term plans despite market uncertainties and U.S. tariffs.