As Geely announces plans, Chinese EV brands could destroy Canada’s auto sector – or help save it - The Globe and Mail
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Open this photo in gallery:Geely vehicles are displayed at a car dealership in Shanghai, China August 17, 2021. ALY SONG/ReutersWhen the sprawling Chinese automotive conglomerate Zhejiang Geely Holding Group Co. Ltd. was founded as a refrigerator-parts manufacturer in 1986, factories in Ontario had already been churning out cars for the better part of a century. More than 1.6 million cars rolled off Ontario production lines that year: Honda built its first car in Canada, Toyota broke ground on its Cambridge, Ont., plant, and General Motors and Suzuki announced plans to build a facility in Ingersoll, Ont. North American manufacturers accounted for about 70 per cent of all new vehicles sold in Canada. Today, the tables have turned. Canada’s auto manufacturing sector, which has been in a slow, prolonged decline, is staring down an existential threat in the form of crippling U. S. tariffs that are rapidly killing any hope Canada had of grabbing a slice of the once-in-a-generation electric vehicle manufacturing boom. Geely Auto, meanwhile, sold more than three million cars last year in more than 80 countries.
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