Federal Innovation Minister François-Philippe Champagne is selling Canada's battery-supply chain prowess in Asia again this week, but this time he has a new boast in his back pocket.
Research firm BloombergNEF pushed Canada's position in its annual global ranking of battery-producing countries ahead of everyone else but China.
But Canada has announced more than $15 billion in investments over the past 10 months in areas ranging from critical mineral mining and processing to battery component manufacturing, electric vehicle production and the country's first gigafactory. His trips this week to Japan and South Korea, along with next week's planned stops in Germany, are in that vein. He has already met with key industry players in those countries multiple times both in Canada and abroad, but he says he's focused on consolidating those relationships and continuing to make Canada's case as a presence in the field.
The BloombergNEF report looks at all of those supply chain parts, as well as demand for the end product and environmental stewardship. Vic Fedeli, Ontario's minister of economic development, told The Canadian Press following a trip to meet with industry stakeholders in Germany last month that one of Canada's biggest selling points is its access to the raw materials needed to make batteries.
Canada and its allies are also trying to prevent China from using its dominance in the battery supply chain industry to throw its weight around in global politics. They have likened it to Europe being too reliant on Russia for gas.
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