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Volkswagen Lines Up Tariff-Friendly Battery Supplies in Deal With Canada

  • Accords secure raw materials like nickel, cobalt and lithium
  • Agreements to be signed during Scholz’s current Canada trip
Battery cell testing chamber at a Volkswagen site in Salzgitter, Germany.

Battery cell testing chamber at a Volkswagen site in Salzgitter, Germany.

Photographer: Krisztian Bocsi/Bloomberg
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Volkswagen AG and Mercedes-Benz Group AG have sealed agreements with Canada to secure access to raw materials such as nickel, cobalt and lithium for battery production, according to people familiar with the accords.

The memorandums of understanding will be signed Tuesday in Toronto, with German Chancellor Olaf Scholz and Canadian Prime Minister Justin Trudeau in attendance, said the people, who asked not to be identified discussing confidential information.