The Wuhu-based automaker is looking at taking over idle capacity at existing plants and working with partners as options to build a greater presence in Canada—even without guaranteed access to the U.S. market. (Bloomberg)
Talking point: When Canada agreed to reduce tariffs drastically for a limited number of Chinese-made EVs, the Liberal government said it could lead to Chinese joint-venture investment that would create new manufacturing jobs in the Canadian auto sector. Chery has also expressed ambitions to enter the U.S. market eventually. The idea that a presence in Canada could help achieve that goal risks further escalating trade tensions between Ottawa and Washington, which has 100 per cent tariffs and other restrictions to keep out Chinese-made EVs. Chery’s executive vice-president suggested that is not the main reason for the move into Canada. “Even without the American market, Canada is a market that is worth having a factory for manufacturing,” said Guibing Zhang.
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