Magna Ready to Help Chinese EV-Makers Expand Into Canada, China Chief Says
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Canadian auto parts giant Magna International Inc. is ready to help Chinese EV-makers enter the Canadian market, according to its China chief, speaking after the two countries signed an auto trade agreement.
Speaking at an industry forum on Sunday, Magna’s President of China operations Wu Zhen highlighted the company’s readiness to support Chinese automakers as they navigate the Canadian market. Her comments come after Beijing and Ottawa struck a deal in January allowing a quota of China-made electric cars to enter Canada at the most-favored-nation tariff rate of 6.1%, reversing a 100% duty that took effect in October 2024.
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- Magna's China chief Wu Zhen offers support for Chinese EV makers entering Canada after January deal allowing 49,000 EVs at 6.1% tariff from March 2026.
- Quota rises to 70,000 by 2030; from 2027, 10% under C$35,000, later 50% affordable; Tesla China, BYD applying.
- Canada encourages local JVs with Magna et al.; Magna has European contract manufacturing for GAC, XPeng.
- Magna International Inc.
- Magna International Inc., a Canadian auto parts giant, is poised to assist Chinese EV-makers like Tesla, BYD, GAC, and XPeng in entering the Canadian market via the new quota agreement (up to 70,000 vehicles by 2030). Its China president Wu Zhen emphasized support for localization. Magna offers complete vehicle manufacturing, including contract plants (e.g., Austria), and may join Sino-Canadian joint ventures for local production.
- Tesla Inc.
- The China division of Tesla Inc. has begun applying for the initial export quotas to ship electric cars to Canada under the new Sino-Canadian auto trade agreement.
- BYD Co. Ltd.
- BYD Co. Ltd. has begun applying for initial export quotas under the Canada-China auto trade agreement, enabling up to 49,000 Chinese EVs (pure electric, plug-in hybrid, traditional hybrid) to enter Canada at a 6.1% tariff from March 2026.
- Guangzhou Automobile Group Co. Ltd.
- In 2025, Guangzhou Automobile Group Co. Ltd. (GAC) partnered with Magna for contract manufacturing to circumvent EU anti-subsidy tariffs. Collaborations are progressing smoothly and expanding to more vehicle models.
- XPeng Inc.
- In 2025, XPeng Inc. partnered with Magna for contract manufacturing to circumvent EU anti-subsidy tariffs. Collaborations are progressing smoothly and expanding to more vehicle models, leveraging Magna's localization expertise.
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