Sunday, October 1, 2023

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The German automotive behemoth Mercedes-Benz said on Tuesday that it will be stepping up its collaboration with the Canadian government.

Throughout order to foster collaboration and economic potential inside the Canadian supply chain for electric vehicles, the firm stated that it had signed a statement of intent with the government of Canada yesterday to increase cooperation in the whole value-added chain of cars. Mercedes emphasized that this arrangement

Mercedes said that as the speed of electric mobility picks up, there will be a greater demand for certain raw materials, including cobalt and lithium, and that the conversation with the Canadian government also intends to boost collaboration with Canadian strategic partners.

Mercedes intends to work with Rock Tech Lithium in a collaboration, and as part of this arrangement, Mercedes and its battery partners will get up to 10,000 tons of lithium hydroxide annually.

The anticipated partnership, according to Mercedes, is anticipated to start in 2026 with a qualifying phase.

Markus Schaefer, a director on the German company’s board of directors, was quoted in a statement as saying that “Mercedes-Benz is in the process of increasing the production of electric cars significantly.” He also said that Mercedes has found in Canada a significant and powerful partner to work with it to usher in a new era of sustainable transformation in the automotive industry.

In the same vein, the German Volkswagen Group said earlier today that it plans to invest in Canadian mines to meet its need for the raw materials needed to make electric vehicle batteries.

Herbert Dies, the group’s president, signed a memorandum of understanding with the Canadian government on Tuesday.


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