Quebec is in talks with battery makers and automobile companies looking to invest about C$15-billion in the Canadian province over the next three years to build electric vehicle (EV) supply chains, the head of its government-owned investment company told Reuters. Quebec is leveraging its rich critical mineral resources and an EV supply chain that it has put in place to attract companies to the province. The move is aimed at helping auto makers to diversify their supply chains and increase their reliance on reliable partners like Canada, Investissement Quebec CEO Guy LeBlanc said on Thursday.
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Quebec is leveraging its rich critical mineral resources and an EV supply chain that it has put in place to attract companies to the province. The move is aimed at helping auto makers to diversify their supply chains and increase their reliance on reliable partners like Canada, Investissement Quebec CEOLeBlanc said Quebec has secured C$15-billion over the past three years and another C$15-billion is coming in the next three years.
Canada has presented itself as an viable alternative for Western auto makers and battery manufacturers as they scramble to diversify their supply chains and reduce their dependency on China, which has a strong grip on the EV supply chain.
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