Business
Arbor Metals Establishes Strategic Alliance Department to Drive Collaboration with Automotive Industry
(TheNewswire) Vancouver, BC - TheNewswire - August 20, 2023 - Arbor Metal...
About this update from Arbor Metals Corp.
[{"type":"text","content":"Arbor Metals Establishes Strategic Alliance Department to Drive Collaboration with Automotive Industry\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC -\n \n \n TheNewswire\n-\n \n \n August\n20, 2023 -\n \n \n \n Arbor Metals Corp.\n \n \n \n (“\n \n \n Arbor\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:ABR\n \n \n )\n \n \n (\n \n \n FWB:432)\n \n \n announces the creation of a dedicated department focused on\nfostering strategic alliances with the rapidly expanding electric\nvehicle (EV) industry in Canada. This initiative comes in response to\nthe growing significance of the EV sector, highlighted by recent\nhigh-profile investments such as the joint commitment by the federal\ngovernment of Canada and the Quebec government to fund Ford Motor\nCompany's new EV plant in Bécancour, Quebec. As reported by CBC News\non August 17th, 2023*, the government investment underscores Canada's\ncommitment to advancing the electric mobility revolution.\n \n \n \n \n The collaboration between the federal and provincial\ngovernments, with a combined investment of $644 million, exemplifies\nthe commitment to fortify Canada's role in the EV industry. The new\nFord plant in Bécancour, Quebec, is set to produce critical battery\nmaterials for electric vehicles, reaffirming Canada's emergence as a\nglobal leader in sustainable transportation.\n \n \n \n \n \"We're witnessing a transformative moment in the\nCanadian automotive landscape, with a strong focus on EV production\nand the development of a robust supply chain,\" said Mark\nFerguson, President and CEO of\n \n \n \n Arbor\n \n \n \n . \"Establishing our\nStrategic Alliance Department underscores Arbors' dedication to being\nat the forefront of this burgeoning industry.\"\n \n \n \n \n \n Arbor\n \n \n \n recognizes the pivotal role\nthat strategic alliances play in advancing the EV industry's growth\nand sustainability. The\n \n \n C\n \n \n ompany's newly formed department will work to forge\npartnerships, collaborations, and joint ventures with key stakeholders\nacross the EV value chain, including automakers, battery\nmanufacturers, and technology innovators.\n \n \n \n \n \"We are excited to embark on this journey of\ncollaboration and innovati...