Ottawa has confirmed a deal has been signed with automobile giants Mercedes-Benz and Volkswagen toward the supply of batteries and electric vehicles.Later today they, along with other major business leaders, as well as German Chancellor Olaf Scholz, will gather in Stephenville for a larger announcement on the future supply of green hydrogen as an alternative to Russian oil and gas.
The deal with Volkswagen focuses on deeper co-operation on sustainable battery manufacturing, mineral supply, as well as setting up a Canadian office for PowerCo, Volkswagen’s newly formed battery company. The Mercedes-Benz agreement focuses on enhancing collaboration with Canadian companies along the electric vehicle and battery supply chains.
It follows a supply deal recently signed between Vale and Tesla, using nickel mined at Voisey’s Bay to manufacture batteries for its electric cars.
Hopefully all the engineering for this project will be done in province and not shoped out to India or China as per usual.
This is what it looks like now.What is it going to look like in the future? Kind of surprised Dept of Environment approved this.Seems to me that the reason they are coming here is because we have no rules that we follow.
Yeah the 150 000 on income support , and 300 000 seniors will be lining up tomorrow to by a 100 000 dollar car . Lol huge for Newfoundland.
Great news for NL. We have a bright future ahead of us.🌱💰
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