OTTAWA, Aug 31 ― Canada announced yesterday tentative deals with Volkswagen and Mercedes-Benz that would see the two European automakers tap into burgeoning North American supply chains as they seek to challenge Tesla in the electric vehicle market.
The agreements “will help us meet growing demand, both here at home and around the world, for electric vehicles,” Canadian Prime Minister Justin Trudeau tweeted. Mercedes-Benz said it envisages partnering with Canadian companies across the electric vehicle and battery supply chains, including Rock Tech Lithium for the supply of up to 10,000 tonnes of lithium hydroxide annually, starting in 2026.
“Working hand in hand with governments around the world is an absolute prerequisite to meet our climate goals,” Volkswagen chief executive Herbert Diess said in a statement.
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