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Wednesday 31 August 2022

(WEV) USERS, DEALERS AND MINERS - PART 4

Volkswagen Group has signed a deal with the Government of Canada to secure supplies of nickel, cobalt and lithium, for battery cell production and to promote e-mobility in the country.

The German automaker’s battery company, PowerCo, will drive forward the planned cooperation in the fields of battery value creation, raw materials supply chains and cathode material production in the North American region.

Dr. Herbert Diess, CEO of Volkswagen Group said: “Working hand in hand with governments around the world is an absolute prerequisite to meet our climate goals and I want to thank the Canadian government for their support.”

A “Memorandum of Understanding” (MoU) was signed in Toronto by Dr. Diess and Canada's Minister of Innovation, Science, and Industry, François-Philippe Champagne, in the presence of German Chancellor Olaf Scholz and Canadian Prime Minister Justin Trudeau.

“I welcome that Volkswagen and Canada have signed a Memorandum of Understanding on battery value creation today,” said Olaf Scholz, Chancellor of the Federal Republic of Germany. “This is excellent proof that the cooperation with our close friends and allies in Canada is further deepening also in the context of raw material security and may encourage other companies to follow.”

With its vast raw material resources, good infrastructure and highly developed automotive industry with considerable production expertise and highly qualified workforce, Canada sees itself outstandingly well-positioned for joint projects.

“Canada is quickly becoming the green supplier of choice for major auto companies, including leading European manufacturers, as we transition to a cleaner, greener future,” said Champagne.

“Canada is committed to building a strong and reliable automotive and battery supply chain here in North America to help the world meet global climate goals.” WhichEV - link - Pulkit Malhotra - link - more like this (VW) - link - more like this (Canada) - link - users, dealers and miners - link

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