United Press reported today: "Canadian Industry Minister Joyce said the government is working to promote Sino-Canadian joint ventures to manufacture electric vehicles for global sales."
Joyce said in an interview with Bloomberg on Friday (February 6) that Canadian automotive parts companies have already done business in China and can participate in joint assembly plants established in Canada. She said, "We believe these excellent Canadian companies can cooperate with Chinese electric vehicle companies to create Sino-Canadian joint venture cars for sale around the world."
In January of this year, Canada announced it would allow up to 49,000 Chinese electric vehicles to enter the Canadian market annually, subject to a Most-Favored-Nation tariff rate of 6.1%, far lower than the previous 100%.
Commentary: This gesture of favoring Chinese automakers marks a shift in the Canadian government's position. Technical and cost advantages are more persuasive than political slogans. Canada's gesture essentially acknowledges China's leading position in the electric vehicle sector. The Canadian auto industry is highly tied to the United States, with very weak risk resistance, and is seeking to reduce its reliance on the U.S. car market; introducing Chinese technology, capital, and production capacity can revitalize local parts companies and open up global markets, which is a pragmatic choice to exchange cooperation for space and openness for transformation. For Chinese automakers, this is an important breakthrough into the North American market. It is a crucial step in the globalization of the industrial chain and brand.
Original article: toutiao.com/article/1856456991401291/
Statement: The article represents the views of the author alone.