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Japan’s minister of economy, trade and industry will be in Ottawa Thursday to sign a memorandum of cooperation on electric vehicle supply chains.
Yasutoshi Nishimura will be accompanied by a delegation of Japanese businesspeople representing its battery supply chain association (BASC) and corporations like Panasonic Energy, Asahi-Kasei, Mitsubishi, Mitsui and Sumitomo.
Japanese media reports previewing the trip over the past week suggested that in return for financial, scientific and technical help, the Canadian government intends to offer subsidies for new Japanese investments in this sector — similar to other electric vehicle battery deals struck in collaboration with the provincial governments of Ontario and Quebec.