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Supply Chain

Japan, Canada to develop North American EV battery supply chains

Agreement would help Japanese autos qualify for U.S. subsidies

Canada is looking to help Japanese companies process critical minerals mined in Canada and build factories for storage batteries, developing its industry and creating jobs.

TOKYO -- Japanese public and private entities will develop supply chains in Canada for electric vehicles that encompass extracting and processing key minerals as well as battery production as the Canadian government provides subsidies and other support to increase supply capacity.

Tokyo sees the initiative as both strengthening its economic security and increasing North American sales of Japanese EVs.

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