Automakers

VW, Mercedes sign EV battery supply deal with Canada

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Markus Schaefer, left, of Mercedes and François-Philippe Champagne, Canada's Minister of Innovation, Science and Industry, shake hands at ceremony in Toronto. (SUPPLIED PHOTO)
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By:
Staff and wire reports
August 22, 2022 01:33 PM

Mercedes-Benz Group and Volkswagen Group 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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