Volkswagen Sets out To Expand Electrification Into Canada
Photo credit: Volkswagen
Volkswagen AG and the Canadian government want to promote electric mobility in the country and to gain more opportunities in the battery and car supply chain in Canada. The two parties signed a “Memorandum of Understanding” in the city of Toronto earlier this year by Volkswagen CEO Helbert Diess and François-Philipe Champagne, Canada’s Minister of Originality, Canadian Prime Minister Olaf Scholz, and Prime Minister Trudeau. All parties will work to investigate opportunities for Canada to collaborate and contribute to Volkswagen’s global and regional battery supply chains. PowerCo, the battery company’s main objective is to promote cooperation and idealization in battery advancement.
PowerCo SE is responsible for all occupations in the battery planet during the supply chain, guaranteeing the supply of battery cells to drive Volkswagen’s electric mobility. The worldwide supply of battery cells is growing rapidly and this is a huge concern for Volkswagen’s NEW AUTO strategy, which plans to transform the automaker into one of the top suppliers of program-driven mobility.
Chancellor of the Federal Republic of Germany, Olaf Scholz, stated, “I am delighted that Volkswagen and Canada have today signed a memorandum of understanding on the value construction of batteries. This is incredible proof that cooperation with our close friends and partners in Canada is deepening in the context of raw material security and may encourage other companies to follow.”
Thomas Schmall, member of the Volkswagen Group Management Board for Technology, said, “As a car developer, we think that realizing stringent sustainability criteria is a top priority. For us, the availability of energy that comes from renewable sources and a raw materials area with mines that supply materials that meet globally recognized environmental and social standards are of essential consideration. That is why Canada is a perfect partner for our electric mobility and battery strategy.”
In order to achieve the sustainable advancement of battery production, the two parties will collaborate based on ESG (Environmental, Popular, Governance) criteria that are recognized between PowerCo and the Canadian mining industry, which is considered the world leader in terms of commitment and transparency. To this end, PowerCo plans to establish an office in Canada. The primary purpose of this collaboration is to focus on critical commodities such as lithium, nickel, and cobalt. Interested in finding out more about Volkswagen’s plans?
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