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Volkswagen works with Canadian government to develop North American battery supply chain
The Volkswagen Group and the Government of Canada have signed a Memorandum of Understanding (MoU) under which they will investigate opportunities for Canada to contribute to VW’s global and regional battery supply chains.
PowerCo, VW’s newly founded battery company, will establish a new liaison office in Canada, and will have a central role in the planned cooperation in the fields of battery value creation, raw material supply chains and cathode material production. A key focus will be the supply of critical raw materials such as lithium, nickel and cobalt.
PowerCo has plans to establish a battery gigafactory in North America, and is currently examining possible production sites.
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