The ambitious electrification plan of the Volkswagen Group involves the construction of several battery factories 6 only in Europe. After all, in order to rapidly accelerate the production of electric cars, a large supply of accumulators is needed. The German group also intends to build factories for the production of batteries outside of Europe.
The first of these plants should be built in Canada and will serve the United States. to supply the factories of the German group in North America with accumulators.
AGREEMENT WITH THE CANADIAN GOVERNMENT
Apparently, the search for the exact place to build the factory would already be a matter of course. started. Indeed, it is An agreement was signed between the Volkswagen Group and the Government of Canada to identify potential sites for such a factory. But the collaboration between the German Group and the Canadian Government goes further. In fact, the parties will also work in other fields such as on raw material supply chainsnecessary for the production of battery cells. The new factory will be managed by PowerCo, the battery company of the Volkswagen Group founded in July 2022.
For Oliver Blume, CEO of the Volkswagen Group, Canada is the most important country in the world. was chosen for a number of reasons. In fact, according to the CEO, the country "offers high standards of and ideal economic conditions, and the Canadian Government already has proven to be a strong and reliable partner.”
More information will be shared as soon as it is available. the exact place where to build this factory for the accumulator cells has been identified. Canada is becoming more and more international. important for the battery market. Several car manufacturers are looking with interest at the deposits, present in the country, of the raw materials necessary for the production of the cells. Furthermore, we cannot fail to mention that LG Energy Solution and Stellantis will build a plant for the cells in Canada.
NEW AGREEMENT BETWEEN POWERCO AND UMICORE
The news they are not finished because; PowerCo has entered into a new agreement with Umicore. The goal is to extend the current collaboration for the “development of regional supply chains related to sustainable battery materials” to North America. The German group therefore aims to secure the cathode materials necessary for the future production of cells in North America.
We would like to remind you that these two realities they already have announced last September the establishment of a joint venture that will provide the fundamental materials for the production of battery cells at the European plants of the German group starting from 2025. The new agreement, therefore, will be; essential for the future factory in Canada. A supply of cathode materials and related precursors is expected in a volume of up to 40 GWh per year in 2030. Deliveries are expected to start in 2027. Umicore plans to start building a plant for the large-scale industrial production of cathode and precursor materials in Canada starting in 2023.
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