Automakers

Mercedes-Benz and Volkswagen sign EV battery supply deal with Canada

MOU Signings VW MB.jpg
Markus Schaefer, left, of Mercedes-Benz and Minister of Innovation, Science and Industry François-Philippe Champagne shake hands at ceremony in Toronto. (SUPPLIED PHOTO)
DK
By:
David Kennedy
AN
By:
Automotive News Canada
|
August 23, 2022 08:16 PM

Mercedes-Benz Group and Volkswagen Group on Tuesday signed deals with the Canadian government to secure access to Canada’s large stores of key battery materials such as lithium, cobalt, nickel and graphite, as the German companies compete for scarce supplies of raw materials with other automakers shifting to electric vehicles.

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