Canadian media: After the Meng Wanzhou incident, the Canadian auto industry is worried about losing investment from Chinese companies
[Global Network Report Reporter Zhao Yanlong] "The Americans have put us in a very difficult situation." On the 17th local time, Flavio Volpe, chairman of the Canadian Automotive Parts Manufacturers Association (APMA), expressed concern in a report by the Canadian Broadcasting Corporation (CBC). This report said that because General Motors was closing a factory in Canada, the Canadian auto industry originally hoped that Chinese auto companies could take over. However, the sudden occurrence of Meng Wanzhou's incident has left everything unresolved, and has also made people in the Canadian auto industry worried about the prospects of Sino-Canadian cooperation.

According to CBC reports, Volpe revealed that his association has received delegations from two Chinese automakers in the past few months, and originally planned to receive a Chinese company next month. Volpe declined to name the companies. But the Meng Wanzhou incident happened.
"These companies are saying, 'Look, while we're certainly still interested, North America is a target market for our products... (but) right now, we're putting (the plans) on hold," Volpe said.
The reason why Volpe is anxious is because Canadian auto parts manufacturers sell products worth 3 billion Canadian dollars every year to the American General Motors plant in Oshawa, Canada. But GM has decided to close the factory. Canadian auto parts manufacturers need new customers.
For example, Chinese customers.
But at this moment, the Meng Wanzhou incident happened.
Lynette Ang, assistant professor at the Institute of Political Science and Asia at the University of Toronto, said that the worst impact of the Meng Wanzhou incident on Canada would be a two-year delay in Chinese investment in Canada, but this is the "most serious situation" and it is possible that the impact will only be half a year. She said that since Meng Wanzhou's extradition sentencing will be held in February next year, the next three months are very critical.
Wolpe said that there are only five or six car companies in the world that have the ability to replace GM's production capacity, but now the chances of Chinese car companies coming to Canada are getting smaller and smaller. He complained, "This is two superpowers wrestling, maybe some kind of Cold War. Of course the Americans know that we are a country governed by the rule of law, but they still put us between an unstoppable force and an unshakable goal."
Ang said that she believes it is possible for China and Canada to resolve their differences within half a year. "If China chooses to arrest a third Canadian, I will panic."




