Volkswagen, Mercedes Are in Canada’s Sights for EV Deals

Canadian Prime Minister Justin Trudeau’s government is trying to land supply-chain deals with major German automakers in the face of fierce competition from the US on electric-vehicle production.

Industry Minister Francois-Philippe Champagne has embarked on a week-long trip to Belgium and Germany, where he’ll attend the management conference of Volkswagen AG and the board meeting of <-rte-company state="{"_id":"00000184-c7cd-dc5a-ad8f-cfedd72e0002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Mercedes-Benz Group AG, among other gatherings.

Francois-Philippe Champagne

Source: Bloomberg

In August, the government signed <-bsp-bb-link state="{"bbDocId":"RH10ROT1UM0W","_id":"00000184-c7cd-dc5a-ad8f-cfedd7780000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">memorandums of understandingwith both firms during German Chancellor <-bsp-person state="{"_id":"00000184-c7cd-dc5a-ad8f-cfedd7780001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Olaf Scholz’s visit to Canada. This week’s trip is about “bringing that to the next level,” Champagne said in an ...