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.
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