March 9, 2023: The EU and Canada are launching a ‘matchmaking’ service to encourage funding in companies vital to battery manufacturing, European Fee president Ursula von der Leyen mentioned on March 7.
The pinnacle of the EU, who held talks in Canada with prime minister Justin Trudeau, mentioned: “We’ll help our companies to make matches. We’ll establish good funding alternatives and develop and speed up the joint analysis we do.
Von der Leyen mentioned an EU-Canada partnership on vital uncooked supplies beginning in 2021 “is already bearing fruit” however it is time to “take it to the following degree.
“We’ll enhance the work with our respective industries. There’s already a complete line of promising exploration, mining and processing initiatives. “
Throughout his go to to Canada, von der Leyen and Trudeau (pictured) toured Li-Cycle’s first business ‘soke’ lithium ion battery recycling facility in Ontario.
He mentioned Swedish gigafactory developer Northvolt has already partnered with Vale Canada to extend provides of low-carbon nickel used to make EVs, whereas Belgium’s Umicore plans to construct a battery manufacturing plant in Ontario.
Umicore additionally signed a joint improvement settlement with Canada’s Nano One in December on manufacturing course of applied sciences for lively cathode supplies for lithium ion batteries.
Von der Lyen informed the World Financial Discussion board in Davos in January that the EU would strengthen the provision chain of battery uncooked supplies and likewise take robust motion in opposition to China and different nations appearing aggressively. transfer to draw industrial initiatives together with battery manufacturing away from the EU. .