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

submitted 8 hours 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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[-] SamuelRJankis@sh.itjust.works 4 points 3 hours ago

Seems like a win-win-win if this works out. A Canadian company would get some much needed business, most of the world probably feel better with that software arrangement and China could at least plausibily say they're not doing any bad things on the front.

Open source would still be the best but that's another whole ass can of worms.

Joly said there are “active conversations” on how domestic firms might complement new Chinese investment into Canada’s auto sector, including with software developer QNX, which is headquartered in Ottawa and owned by BlackBerry Ltd. On a recent trip to China, Joly met with Chinese auto firms BYD Co. Ltd., the world’s largest producer of EVs, and Chery Automobile Co.