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Greig Mordue, Associate Professor, ArcelorMittal Dofasco Chair in Advanced Manufacturing Policy, Faculty of Engineering, McMaster University

Did Canada and Ontario pay too much money for Volkswagen’s battery plant?

A driver backs a Volkswagen e-Golf into a parking spot in Peterborough, Ont. Volkswagen has announced plans to build an electric vehicle battery plant in St. Thomas, in southwestern Ontario. THE CANADIAN PRESS/Doug Ives

Volkswagen recently announced its intention to build a plant in St. Thomas, Ont. for electric vehicle batteries.

While the news is being described as a major victory, until more information emerges, the deal raises lots of questions about what we actually won, why we won it and whether it was worth the price — which I assume is the range between $1 billion and $10 billion.

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