The challenges faced by automakers due to disruptions in the supply chain have spurred a realization: self-sufficiency is key. Many companies are now seeking solutions to become more independent, considering both operational control and geographical proximity to resources. At the Automotive News Canada 2023 conference in Toronto, Jeremie Papin, Nissan's president of the Americas, announced the company's intention to invest in its electric vehicle supply chain in Canada. Highlighting Canada's importance as Nissan's fifth-largest market, Papin emphasized the country's potential for regionalizing the supply chain, particularly for battery pack assembly and materials sourcing. This decision aligns with the trend of duplicating materials sourcing closer to production sites, ensuring a more stable supply chain. Notably, Ontario and Quebec have attracted significant electric vehicle investments in the past year. Stellantis and LG Energy Solution have plans for a five billion dollar battery plant in Windsor, Ontario, while Volkswagen considers Canada for its first North American battery plant. In Quebec, a $500 million cathode manufacturing plant is being constructed through a partnership between General Motors and Posco Chemical to supply batteries for GM's future electric vehicles. These developments underscore Canada's growing role in the electric vehicle supply chain and its potential as a strategic location for automotive investments.
Read more from the link below.
Comments