Canada Eyes Joint Venture to Build Chinese EVs for Global Export (www.bloomberg.com)

submitted 1 day ago by schizoidman@lemmy.zip to c/canada@lemmy.ca

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cross-posted from : https://lemmy.zip/post/58606457

Canada’s government is working to land a Chinese-Canadian auto plant that will export electric vehicles globally, Industry Minister Mélanie Joly said.

Canadian auto parts firms such as Magna International Inc., Linamar Corp. and Martinrea International Inc. could participate in a joint-venture assembly plant in Canada with Chinese EV companies.

“We believe that these great Canadian champions can partner with Chinese EV companies to make a Canadian-Chinese car to export it around the world,” Joly said in an interview with Bloomberg News on Friday.

“We can find a way to have software in the car that will address the security concerns,” she said. “We think we’re able to have labor standards that are in conformity with what we accept and expect in Canada, and that there can be local supply chains in Canada that are created out of these investments

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[-] ZombieCyborgFromOuterSpace@piefed.ca 18 points 1 day ago

That's huge.

This could set up the stage for us to become an EV champion on the global stage. And also develop the manufactures and know-how to build them should the deal break eventually.