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

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Dr. Herbert Diess, CEO and Chairman of the Board of Management of Volkswagen AG, and Canada's Minister of Innovation, Science and Industry Francois-Philippe Champagne sign a memorandum of understanding as Canada's Prime Minister Justin Trudeau and Germany's Chancellor Olaf Scholz look on, at the Canada-Germany Business Forum, in Toronto, Canada, August 23, 2022. REUTERS/Carlos Osorio

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TORONTO, Aug 23 (Reuters) - German carmakers Volkswagen (VOWG_p.DE) 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.

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

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