Volkswagen and its PowerCo battery division are building on plans to establish a battery supply chain out of Canada and developing an existing agreement with Umicore
Last week, VW’s CEO Oliver Blume and François-Philippe Champagne, Canadian Minister for Innovation, Science and Industry, signed an addendum to the original agreement drawn up in August this year aimed at setting up a battery supply chain in the country. The plans in Canada include the localised sourcing of rare earth metals. The original agreement is based on cooperation between PowerCo and the Canadian mining sector aimed at securing the responsible sourcing of minerals.
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