Canada’s federal government has signed new agreements with German automakers Volkswagen and Mercedes-Benz, setting the stage for exploring deeper cooperation across all stages of the automotive value chain.
Canadian Prime Minister Justin Trudeau, and German Chancellor Olaf Scholz observed a signing ceremony in Toronto at an event hosted by the Canadian-German Chamber of Industry and Commerce on Tuesday.
The agreements cover all supply chain elements, from technical development and the extraction of raw materials to production, service life and recycling. Ottawa said in a news release these agreements would “help secure Canada’s position as a leading centre of excellence for the manufacturing of electric vehicles and batteries.”
The Volkswagen agreement focuses on deepening cooperation on sustainable battery manufacturing, cathode active material production and critical mineral supply. It also allows Volkswagen to set up a Canadian subsidiary for its newly formed battery company.
The Mercedes-Benz agreement focuses on enhancing collaboration with Canadian companies along the electric vehicle and battery supply chains, supporting the development of a sustainable critical mineral supply chain.
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