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Home World Canada

Balsillie Criticizes Canada’s Investment in EV Battery Plants

12 September 2025
in Canada
0
Balsillie Criticizes Canada’s Investment in EV Battery Plants
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The co-founder of Blackberry, Jim Balsillie, criticized Canada’s outdated innovation and trade policies, particularly the decision to subsidize foreign companies like Volkswagen for battery manufacturing, which he deemed a “catastrophically disastrous move.” He emphasized the need for Canada to focus on owning intellectual property and strategic control in the global economy to avoid vulnerability and low value-added economic status.

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