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Volkswagen aims to build, with partners, six large battery cell factories in Europe by 2030 with a capacity of around 240 gigawatt hours, as well as a dedicated factory in North America for which it is currently examining potential sites.
Under the agreement with Canada, Volkswagen aims to deepen cooperation with Canada's mining sector and could even become a shareholder in local mining firms to make sure it is first in line when it comes to supply.
The MoU also includes the production ramp-up of so-called cathode materials, which include nickel cobalt aluminium (NCA) oxide and nickel cobalt manganese (NCM) oxide.
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