Workers complete assembling an electric vehicle (EV) at China's EV start-up Leapmotor in Jinhua, East China's Zhejiang Province on April 1, 2024. The smart EV factory delivered 14,567 new vehicles in March, a yearly increase of 136 percent. Photo: VCG

When asked to provide more detail on relevant statements from the Canadian side to the media regarding adjustments to measures on the export of Chinese electric vehicles (EVs) to Canada, an official from China's Ministry of Commerce said on Friday that China views this as a positive step taken by Canada in the right direction, and it is also good news for Chinese EVs seeking to explore the Canadian market. According to the latest adjustment plan, Canada will grant a quota of 49,000 units for Chinese EVs annually. Within this quota, vehicles will enjoy the Most Favored Nation (MFN) tariff rate of 6.1 percent, and the 100 percent supplementary tax will no longer be applied. The quota amount will increase annually according to a certain proportion. 

We hope the Canadian side will actively fulfill its commitments and continue to work with China in the same direction. Through friendly consultations, we should create a fairer, more stable, and non-discriminatory environment for further expanding trade and investment cooperation in the EV sector. We look forward to both countries' industries seizing this opportunity, strengthening coordination, and achieving mutual benefit and win-win results, said MOFCOM official.

Global Times