Volkswagen seals raw materials deal with Canada

Volkswagen has sealed an agreement with Canada to secure access to raw materials such as nickel, cobalt and lithium for vehicle and battery production, according to people familiar with the accord.

Carmakers including VW and Stellantis have embarked on ambitious plans to make batteries. VW is planning six facilities in Europe alone, while Mercedes-Benz has joined Stellantis in a €7bn battery venture and is pursuing a total of eight facilities globally. Scholz will hold several meetings with Prime Minister Justin Trudeau as the Group of Seven and Nato partners move to deepen co-operation in areas such as energy and security.

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