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Canada is becoming the new Promised Land for electric car manufacturing; not only could it house Tesla’s Gigafactory #5, but it’s so enticing many companies operating in the battery sector which the inhabitants of the Bécancour region of Quebec nicknamed the surroundings of the city of Trois-Rivières Quebec’s Battery Valley.
In particular, there are numerous companies (both local and US), including start-ups and established companies, which cross the Canadian border, supported by theInflation Reduction Act promoted by the Biden government; among the most important names there is the New World Graphite – intent on building a new processing plant for anode material of the batteries – , post – which is erecting a factory from $400 million to produce cathode material for EV batteries and the Nemaska Lithium – currently dedicated to a new center for the processing of lithium.
In the end Vale, the largest nickel miner in the worldhas in turn announced, together with the partnership with General Motors, its intention to open a plant for the processing of nickel sulphate in the same valley.
The car manufacturer, in addition to securing a large supply of nickel (according to the contract between the two companies, Vale, through Vale Canada Limited, will supply up to 25,000 tons per year of nickel sulphate for batteries), has worked to forge strategic agreements with the other large companies present in the Canadian Battery Valley: Posco will support GM by supplying it with cathode material while Livent, a partner of Nemaska Lithium, will follow the supply of the lithium.
These collaborations will allow a General Motors to secure new tax credits for electric vehicles in the United States decided by the Biden Presidency and included in the Inflation Reduction Act, an essential element for the economic relaunch of one of the historic US brands.
On the occasion ofEV Day held in 2020 GM CEO Mary Barra presented the strategy, decidedly aggressiveof the House for enter the electric mobility sector and oust Tesla from its predominant role.
The 150 journalists were able to preview 11 of the zero-emission models arriving in the coming years, but col absolute prohibition to take pictures or filming (which were then released by the automaker). The brand is working tenaciously to develop cars that are affordable for everyone without sacrificing style and performance; Among the strategies implemented, lo development of new battery modules, called Ultium, which will reduce cell production costs.
GM also devised a universal platform, quite flexible and versatile that it can be used to make various electric vehicles and meet all customers’ needs.
“We want to put everyone in an electric vehicle and we have what it takes to do it”GM CEO Mary Barra said, reassuring investors of the new revenue the two-year strategy will bring to the brand’s coffers.
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