![]() ![]() It also reflects efforts by European firms to expand their U.S. "I think all the big manufacturers understand that if you need to green the supply chain, Canada is the place to do that," said Champagne.Ĭhemicals giant BASF (BASFn.DE) a year ago also secured land in Canada for a planned battery materials facility to better serve electric vehicle markets in the U.S. The two cities are connected by the Ambassador Bridge. Thomas, around 195 km (120 miles) northeast of Detroit, which sits across the Detroit River across from Windsor, Ontario. ![]() The plant will be based in the city of St. ![]() The Canadian federal innovation minister, Francois-Philippe Champagne, called the VW battery plant a "home run for Canada" and said it was "the largest single investment in the auto sector in the history of Canada", without giving details. climate law that requires 50% of EV battery components be made in North America for vehicles to qualify for tax credits of up to $7,500. VW joins a Stellantis NV (STLAM.MI) and LG Energy Solutions joint venture in building an EV battery supply chain in Canada, as European car makers seek to benefit from a U.S. Volkswagen AG confirmed in December it was looking for sites for a Canadian plant, six months after signing a memorandum of understanding with the country to secure access to key raw materials for batteries.Ĭanada, home to a large mining sector for minerals including lithium, nickel and cobalt, is trying to woo companies involved in all levels of the EV supply chain via a multi-billion-dollar green technology fund as the world seeks to cut carbon emissions. subsidies as it works to localise electric vehicle production chain in the region. WOLFSBURG, Germany, March 13 (Reuters) - Volkswagen (VOWG_p.DE) chose Canada to build its first battery cell plant outside Europe, granting its cars access to both Canadian and U.S. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |