Germany’s Volkswagen Automobile Group has signed a contract with the Canadian government to find a site for its first North American battery cell plant in Canada.<\/p>\n
The Federal Minister of Innovation, Science and Industry Philippe Champagne visited Germany earlier last month and signed the agreement to proceed.<\/p>\n
Accordingly, the two sides will cooperate in various fields such as battery value creation, raw material supply chain, and cathode material production.<\/p>\n
The actual work is carried out by Volkswagen’s battery subsidiary Powerco SE.<\/p>\n
Ontario and Quebec are rich in hydroelectric power, making them suitable for producing batteries that consume large amounts of clean energy on a large scale.<\/p>\n
Following Volkswagen, it is highly likely that several battery companies will open factories in Canada. South Korea’s LG Group is already building a plant in Windsor, Onju.<\/p>\n","protected":false},"excerpt":{"rendered":"