With sights set on China, Japan to make deal with Canada on EV supply chains

Japan's minister of economy, trade and industry, Yasutoshi Nishimura, will visit Ottawa to sign a memorandum of cooperation on electric vehicle supply chains. The Canadian government aims to offer subsidies for new Japanese investments in the electric vehicle sector. The Japanese delegation will sign memoranda of understanding with Canadian companies to share technology and business intelligence. The visit marks the first visit of a Japanese economic minister in a decade and is part of efforts to compete with China in the electric vehicle industry.

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Frequently Asked Questions

Q: What is the focus of the deal between Japan and Canada on EV supply chains?

A: The deal between Japan and Canada on EV supply chains focuses on developing North American EV battery supply chains, with the aim of reducing reliance on imports of EV components and competing with China. [Source]

Q: What does Canada have in terms of lithium reserves?

A: Canada has one of the world's largest lithium reserves, about half of that in China. [Source]

Q: Which countries are mentioned in relation to policies to promote electric vehicle deployment?

A: Canada, China, European Union, India, Japan, and the United States are mentioned in relation to policies to promote electric vehicle deployment. [Source]

Q: What is the ranking of the battery supply chain of China and Canada?

A: China's battery supply chain tops the ranking for the third consecutive time, with Canada being a close second. [Source]

Q: What is the significance of Japan's agreement with the US on the mineral supply chain?

A: Japan's agreement with the US on the mineral supply chain aims to strengthen and diversify critical minerals supply chains, with the goal of promoting the adoption of electric vehicle battery technology. [Source]