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Volkswagen, Mercedes are in Canada’s sights for EV deals – EQ Mag

Volkswagen, Mercedes are in Canada’s sights for EV deals – EQ Mag

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  • Industry minister heads to Germany amid competition with US

  • Generous incentives risk luring investment away from Canada

Canadian Prime Minister Justin Trudeau’s government is trying to land supply-chain deals with major German automakers in the face of fierce competition from the US on electric-vehicle production.

Industry Minister Francois-Philippe Champagne has embarked on a week-long trip to Belgium and Germany, where he’ll attend the management conference of Volkswagen AG and the board meeting of Mercedes-Benz Group AG, among other gatherings.

Source: Bloomberg
Anand Gupta Editor - EQ Int'l Media Network