HomeBusinessVW, Mercedes sign MoUs with Canada to cooperate on battery development

VW, Mercedes sign MoUs with Canada to cooperate on battery development

TORONTO (Reuters) – German carmakers Volkswagen and Mercedes signed Memorandums of Understanding with the Canadian government on Tuesday to cooperate on the development of batteries.

The agreements were signed during a two-day visit by German Chancellor Olaf Scholz to Canada.

(Reporting by Andreas Rinke via Berlin Newsroom, editing by Rachel More)

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