News Summary

PowerCo Canada has awarded significant contracts for the construction of the $7 billion St. Thomas gigafactory, marking a major milestone in the development of Canada’s largest electric vehicle battery manufacturing facility. Steelcon Group of Companies will handle the structural steel work, while Magil Construction Canada Inc. will manage the foundations. This project aims to boost local employment and economic growth, with hundreds of jobs to be filled. The gigafactory, once operational, will have a production capacity of up to 90 gigawatt hours, enough for one million EVs annually.