Canada forges new EV supply chain path in bid to secure growth

Date:

“This makes sure that Canada will be part of a larger ecosystem of electric vehicles in North America,” Industry Minister Francois-Philippe Champagne said in a phone interview late Friday. “The world starts to understand that it doesn’t make sense to mine minerals in Africa and refine them in China and then to produce them with coal when it comes to batteries.”

Canada has been positioning itself to be one of the key suppliers of green aluminum and steel, Champagne said, and it’s now turning its focus to battery components. The country hopes to capitalize on its supply of critical minerals needed for electric vehicles — including nickel, lithium and graphite — to attract investors.

The auto industry accounts for 10% of Canada’s manufacturing output and supports half a million workers, so a transition from the production of traditional combustion engines to electric and green vehicles is a pressing issue for the…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...