VW plans to source raw materials for EV batteries in Canada. Here's how this will benefit the automaker and EV buyers alike.
ByVW and Canada will jointly investigate opportunities for the country to contribute to VW's regional and global battery supply chains.
The sourcing of raw materials for batteries in Canada is expected to benefit VW just as several battery production hubs will come online in Europe in the near future. Specifically, VW seeks to secure the supply of raw materials such as lithium, nickel, and cobalt for its own gigafactories in Europe, bypassing the sourcing of raw materials in other parts of the world in an effort to simplify and shorten the battery production process."As an automaker, we see compliance with stringent sustainability criteria as a top priority," said Thomas Schmall, Volkswagen Group Board of Management member for Technology.
The sourcing of raw materials in Canada will work to shorten the battery supply chains for the VW Group.A crucial part of VW's plans for the near future include increasing cathode material production, which it hopes to do with Canadian suppliers acting as raw material refiners and processors.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Elvis’ Tops ‘Great Gatsby’ to Become Baz Luhrmann’s Top-Grossing Film in the U.S. & CanadaLuhrmann, who turns 60 on Sept. 17, has written and directed just six films, but the last five have become box-office hits.
Read more »
Medical Assistance in Dying in Canada: Too Much, Too Fast?Canada will expand eligibility for medical assistance in dying in 2023 to include individuals with a mental disorder as the sole underlying condition.
Read more »
Ententes entre Mercedes-Benz, Volkswagen et le Canada | Actualités automobile | Auto123Le Canada signe des ententes avec Volkswagen et Mercedes-Benz visant à faciliter l’accès des constructeurs aux matières premières canadiennes. Auto123.
Read more »
Canada signs agreements with Mercedes-Benz, Volkswagen | Car News | Auto123Canada signs agreements with Volkswagen and Mercedes-Benz to facilitate the automakers’ access to Canadian raw materials. Auto123.
Read more »
Volkswagen and Mercedes line up tariff-friendly battery supplies in deals with CanadaAutomakers have sealed agreements with Canada to secure access to raw materials such as nickel, cobalt and lithium for battery production.
Read more »
Canada, Germany aim to start hydrogen shipments in 2025Canada and Germany say the new hydrogen pact will kick\u002Dstart a transatlantic hydrogen supply chain. Read more
Read more »