Canadian government signs MoU with Mercedes and Volkswagen to help meet growing EV demand
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Canadian government signs MoU with Mercedes and Volkswagen to help meet growing EV demand.

The agreement with Mercedes and Volkswagen will help Canada secure its position as a leading centre of excellence for the manufacturing of electric vehicles and batteries.

The Government of Canada announced its partnership with two major German automakers, Volkswagen AG and Mercedes-Benz AG. Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry, signed MoU with both companies to help secure Canada’s position as a leading centre of excellence for the manufacturing of electric vehicles and batteries. The agreement will also lead to new investments in the EV sector in Canada.

The agreement with Volkswagen focuses on:

  • deepening cooperation on sustainable battery manufacturing
  • cathode active material production and critical mineral supply

Volkswagen will also set up a new PowerCo (Volkswagen’s newly formed battery company) office in Canada.

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 in Canada that is based on environmental, social, and governance principles
  • collaborating in research and development
  • identifying potential investments in Canada.

Since January, Canada has secured historic manufacturing deals for electric vehicles, batteries, and hybrids—deals that create and secure thousands of good, middle-class jobs while positioning Canada as a leader in the electric vehicle and battery manufacturing space.

Today’s announcement represents another major step forward, as Canada continues the work to grow its clean transportation sector and meet global and North American demand for zero-emission vehicles.

The Government of Canada has set a target of achieving 100% zero-emission vehicle (ZEV) sales by 2035. These partnerships will help Canada reach its goal and achieve its commitment to reach net-zero emissions by 2050.

The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, said: Canada is quickly becoming the green supplier of choice for major auto companies, including leading European manufacturers, as we transition to a cleaner, greener future. By partnering with Volkswagen and Mercedes, Canada is strengthening its leadership role as a world-class automotive innovation ecosystem for clean transportation solutions. Canada is committed to building a strong and reliable automotive and battery supply chain here in North America to help the world meet global climate goals.

Also Read: Tesla rolls out FSD 10.69 Beta update.

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