Volkswagen, Mercedes-Benz team up with Canada in battery materials push

FRANKFURT -German carmakers Volkswagen and Mercedes-Benz on Tuesday intensified efforts to secure access to key battery materials lithium, nickel and cobalt by striking cooperation agreements with top supplier Canada. The move comes as automakers roll out their electric vehicle expansion strategies globally in a bid to challenge sector leader Tesla . These strategies depend on sufficient supplies of vital battery materials. No financial details were disclosed for the memorandum of understanding (MoU) agreements, which were signed in Canada during a visit by German Chancellor Olaf Scholz and a delegation of German corporate representatives. "The supply of battery raw material...

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