![]() will help to advance the development of a dynamic and competitive critical minerals sector through the development and demonstration of innovative processing technologies. Today's investment of more than $720,000 in FPX Nickel Corp. ![]() "Canadian innovators are leading the way towards a cleaner future. Non-dilutive and non-repayable CMRDD funding of $725,000 marks one of the first instances of direct funding from the Government of Canada to a development-stage mining company under the government's new Canadian Critical Minerals Strategyįunding will allow FPX to accelerate demonstration of the technical and economic viability to produce battery-grade nickel sulphate and cobalt hydroxide for the EV battery supply chain from Baptiste awaruite concentrateīench- and pilot-scale testwork funded by the CMRDD grant will build on previous successful testwork, validating Baptiste's robust and conventional hydrometallurgical flowsheet which is expected to be more environmentally sustainable than traditional production methods, including lower carbon emissions, power consumption, and waste generation (Reporting by Victoria Waldersee and Jan Schwartz, Editing by Angus MacSwan, Kirsten Donovan) Volkswagen ID.FPX Nickel Corp. The IRA gave the company an incentive to prioritize decisions on North American investments, it said last week, adding plans for battery plants in Europe were still in place but that it would wait to see whether the IRA spurred Europe to offer better incentives. It announced last week its Scout brand would build a $2 billion manufacturing plant near Columbia, South Carolina, for trucks and SUVs, with production to start in 2026. ![]() Volkswagen has long said it is working towards setting up regional supply chains in Europe, North America and China for EV production in light of high transport and logistic costs, supply chain risks and geopolitical tensions. VW's Monday's announcement did not specify the size of the investment or the capacity of the new plant, but board member Thomas Schmall said in August the company was targeting 20 gigawatt hours of capacity at its first North American site. Treasury is due to release details on this guidance in March. free-trade agreement, or recycled in North America. Inflation Reduction Act, allocated to vehicles with a battery made with a minimum proportion of critical minerals extracted or processed in the United States or a country with a U.S. Volkswagen confirmed in December it was looking for sites for a plant in Canada after it signed a memorandum of understanding with the country six months prior to secure access to key raw materials for batteries.Ĭanada, which is home to a large mining sector for minerals including lithium, nickel, and cobalt, is trying to woo companies involved in all levels of the EV supply chain via a multi-billion green technology fund to safeguard the future of its manufacturing heartland in Ontario as the world seeks to cut carbon emissions.Ĭars with batteries from the plant will also qualify for thousands of dollars in subsidies under the U.S. ![]() subsidies as it works to localize its electric vehicle production chain in the region. WOLFSBURG, Germany - Volkswagen said on Monday it will build its first North American battery cell plant in Canada, granting its cars access to both Canadian and U.S.
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