Canada is thinking about doing something that would have been politically radioactive not long ago: building EVs with China.<\/p>\n
That\u2019s right\u2014not importing them, but actually building them on Canadian soil with Canadian suppliers, then exporting them to the rest of the world.<\/p>\n
The must-read auto and tech briefing hits your inbox every weekday morning.<\/p>\n
Bloomberg<\/a>\u00a0shares some thoughts from Canadian Industry Minister M\u00e9lanie Joly:<\/p>\n Canadian auto parts firms such as Magna International Inc., Linamar Corp. and Martinrea International Inc. already have operations in China, and could participate in a joint-venture assembly plant in Canada.<\/p>\n \u201cWe believe that these great Canadian champions can partner with Chinese EV companies to make a Canadian-Chinese car to export it around the world,\u201d Joly said in an interview with Bloomberg News on Friday.<\/p>\n [\u2026]<\/p>\n The minister argued that a co-created EV could still be competitive globally despite the higher labor costs of building in Canada compared to China. She pointed to Honda Motor Co., which builds its affordably priced Civic car in Ontario, as an example. \u201cWe can find a way to square the circle,\u201d she said.<\/p>\n