Canada Signs Pacts with Mercedes-Benz, Volkswagen
Photo: Mercedes-Benz Olaf Schulze, Markus Schaefer , Prime Minister Justin Trudeau and François-Philippe Champagne, federal Minister of Innovation, Science and Industry A special announcement was made in Toronto yesterday, involving Prime Minister Justin Trudeau, German Chancellor Olaf Scholz and members of the German-Canadian Chamber of Commerce and Industry.
In a statement, Ottawa said the agreements will “help secure Canada’s position as a leading centre of excellence for the manufacturing of electric vehicles and batteries.”Markus Schaefer, CTO of Mercedes-Benz Group, and Herbert Diess, CEO of Volkswagen Group, each signed a Memorandum of Understanding with Canada's Minister of Innovation, Science and Industry, François-Philippe Champagne.
The MoU with Volkswagen will deepen cooperation in sustainable battery manufacturing, cathode active material production and critical mineral supply.
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