Volkswagen subsidiary PowerCo SE and Umicore have unveiled a joint venture in Europe named Ionway, aiming to bring it to Canada, as indicated by trademark application filings with the Canadian government. Ionway submitted a trademark application in April 2023, as revealed by public registry documents from Innovation, Science and Economic Development Canada. The application, filed by a Belgian legal firm on behalf of Ionway, encompasses a range of goods and services related to lithium-ion battery technology and recycling. These goods include materials such as lithium nickel manganese cobalt oxide, nickel chemicals, lithium, lithium cobalt oxide, cobalt chemicals, cobalt oxides, and cathodes, among others, for industrial use. The services listed in the application involve recycling and waste treatment, specifically highlighting recycling of electric batteries and metals.
This trademark application suggests Ionway's intentions to expand its operations to Canada, potentially facilitating the import and distribution of materials for lithium-ion battery production and advancing recycling initiatives for electric batteries in the country. If successful, this venture could play a significant role in promoting sustainable practices within the Canadian electric vehicle industry and supporting the transition towards cleaner transportation solutions.
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