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Global Trade Alert

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Canada: Ontario and federal governments to invest over CAD 8 billion in Volkswagen's subsidiary's EV battery plant

Description

On 21 April 2023, Justin Trudeau, the government of the province of Ontario announced an investment of at least CAD 8 billion (USD 5.92 billion) in support of PowerCo's EV battery factory construction...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Apr 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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