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PowerCo Canada Delays St. Thomas Gigafactory to 2029

By Drooid · Sep 24, 2026, 10:09 PM UTC · How we work

Summary

Story summary

PowerCo Canada said the St. Thomas gigafactory will begin operations in 2029, two years later than planned.
PowerCo appointed EllisDon of Mississauga as general contractor for the $7 billion facility.
Federal subsidies total $13.2 billion, Ontario adds $500 million, and Volkswagen invests $7 billion.
PowerCo said the delay matches evolving market demand and next-generation battery technology.
Analysts linked the postponement to weak North American EV demand and Volkswagen’s ID.4 production cut in Tennessee.

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Story summary

PowerCo Canada said the St. Thomas gigafactory will begin operations in 2029, two years later than planned.
PowerCo appointed EllisDon of Mississauga as general contractor for the $7 billion facility.
Federal subsidies total $13.2 billion, Ontario adds $500 million, and Volkswagen invests $7 billion.
PowerCo said the delay matches evolving market demand and next-generation battery technology.
Analysts linked the postponement to weak North American EV demand and Volkswagen’s ID.4 production cut in Tennessee.