The Volkswagen Group and its just lately based battery firm PowerCo SE intend to quickly broaden their international battery enterprise to North America. To that finish, Volkswagen and the Canadian authorities have signed a Memorandum of Understanding to determine appropriate websites for a battery cell manufacturing unit in Canada.
The 2 events will proceed their cooperation within the areas of battery worth creation, uncooked materials provide chains and cathode materials manufacturing, which had been initiated earlier in 2022. PowerCo and supplies expertise group Umicore have additionally agreed to research a strategic provide settlement on cathode materials for North America, which might construct upon their standing three way partnership for precursor and cathode materials manufacturing in Europe.
“Battery expertise is essential for our technique, which is why we’re forging forward with the growth of the battery enterprise at full velocity,” stated Oliver Blume, Volkswagen CEO. “Canada is one logical choice for the development of a gigafactory in North America. The nation provides excessive sustainability requirements and superb financial situations, and the federal government of Canada has already confirmed to be a powerful and dependable companion. That is only the start: The EV market in North America is at a turning level and we’re dedicated to investing throughout your entire area.