Canadian federal government signed EV agreements with Volkswagen and Mercedes-Benz

by Oct 21, 2022

The Canadian government announced the signing of new agreements with German automakers Mercedes-Benz and Volkswagen aimed at increasing collaboration and supporting investments in the country’s electric vehicle (EV) and battery supply chains.
The announcements come as automakers around the world invest billions of dollars to increase their electric vehicle manufacturing capacity, as well as establish global supply chains for EV production and obtain raw materials for mass EV manufacture.
Mercedes-Benz, for example, announced plans last year to invest more than €40 billion through 2030 to shift to all-electric vehicles, and Volkswagen has committed to having at least 70% of its unit sales in Europe be all-electric vehicles by 2030, to fully electrify its new vehicle fleet.
The Volkswagen agreement focuses on expanding collaboration in the areas of sustainable battery manufacture, cathode active material production, and critical mineral supply for battery production.
The Mercedes-Benz agreement aims to improve collaboration with Canadian companies along the electric vehicle and battery supply chains, as well as to aid in the development of a sustainable critical mineral supply chain in Canada. Like Volkswagen, Mercedes-Benz is also looking to mineral-rich Canada to ensure essential mineral supply for battery manufacture, R&D, and new investments in Canada.
Earlier this year, Canada set aside C$2 billion in its budget for refining the minerals required to manufacture EV batteries. As a transition to a cleaner, greener future, Canada is increasingly becoming the green supplier of choice for major automakers, including top European manufacturers and by collaborating with Volkswagen and Mercedes, Canada solidifies its position as an automotive innovation ecosystem for clean mobility solutions.

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