Volkswagen is considering building a battery factory in Ontario, Canada.

February 1 news, according to foreign media reports, Volkswagen is considering building a battery factory in Ontario, Canada.

According to foreign media reports, Ontario, Canada is optimistic about Volkswagen's plan, it will provide investment and other incentives for the project.

At present, Volkswagen is making every effort to develop electric vehicles. The company has launched a series of all-electric vehicles to improve competitiveness in the field of electric vehicles.

The company plans to build the largest fleet of electric vehicles in the industry, with the goal of replacing Tesla as the leader of the electric vehicle industry by 2025.

Volkswagen has said it aims to sell 70 per cent of its vehicles in Europe by 2030, compared with 50 per cent in the US and China.

At the end of January, Arnold Antritz, Volkswagen's chief financial officer, said Volkswagen would make "almost no" investment in traditional internal combustion engine technology by 2026. The company aims to make handsome returns in electric transportation from then on.