William Boston of The Wall Street Journal reports on VW’s efforts to diversify its EV supply chain.
- VW is hoping to move on from China and is in talks with Canada, Chile, and Australia to get the necessary critical minerals that are needed to power their EVs.
- The automaker is building its largest critical mineral factory to date in St. Thomas, Ontario near deposits of lithium, nickel, and cobalt.
- With vast deposits of critical minerals, the United States could play a significant role in helping VW diversify its supply chain.
- To do so, policymakers must modernize permitting requirements to allow more mines to open.
Read the full article here.