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Mercedes-Benz Signs MoU With the Government of Canada to Source the Raw Materials for Electric Vehicle Batteries

Mercedes-Benz Signs MoU With the Government of Canada to Source the Raw Materials for Electric Vehicle Batteries

Mercedes-Benz has signed an MoU with the Government of Canada that will help ensure that the automaker has a reliable supply for raw materials such as lithium to produce all of the electric vehicle batteries its will need by the end of the decade. The MoU is part of the automaker's efforts to set up an entire automotive value chain for the responsible production and recycling of EV batteries.

Eric Walz2022-08-23 10:00 PT

Chrysler Parent Stellantis is Making a US$2.8 Billion Investment in its Canadian Operations to Accelerate the Production of Electric Vehicles

Chrysler Parent Stellantis is Making a US$2.8 Billion Investment in its Canadian Operations to Accelerate the Production of Electric Vehicles

Automaker Stellantis is investing $3.6 billion CAD (US$2.8 billion) in its Canadian operations to accelerate the company’s transition to a sustainable future. The latest investment will also support the automaker’s long-term electrification strategy, which includes a previously announced $45 billion CAD (US$35 billion) investment through 2025 for electrifying its model lineup and building software-defined vehicles.

Eric Walz2022-05-02 12:25 PT

Stellantis, LG Energy Solution To Invest $4.1 Billion Into Battery Plant in Canada

Stellantis, LG Energy Solution To Invest $4.1 Billion Into Battery Plant in Canada

Construction of the plant in Windsor, Ontario is expected to become operational in the first quarter of 2024 and is reportedly the first large-scale EV battery manufacturing plant in Canada.

Vineeth Joel Patel2022-04-03 07:00 PT