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

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.

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