News Release
Premier Wynne's Third China Mission Creating More than 2,100 New Ontario Jobs
December 1, 2017
Business Mission to China Yields Nearly $1.9 Billion in New Agreements
Premier Kathleen Wynne concluded her visit to Shenzhen, China today, delivering new agreements between leading Ontario and Chinese partners that will create jobs, fuel economic growth and enhance research collaboration.
In Shenzhen, Premier Wynne met with BYD, the world's largest electric vehicle manufacturer. BYD is planning a major expansion into the Ontario market with the company's zero emissions commercial and transit vehicles, including auto assembly and finishing operations.
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from two weeks ago: “It expects to make an announcement in a few weeks, Dowling said.”
https://www.bloomberg.com/news/articles/2017-11-15/buffett-backed-byd-to-open-electric-truck-plant-in-canada
BYD Co., the Chinese electric-vehicle maker backed by Warren Buffett, plans to open its first assembly plant in Canada, anticipating a surge in demand for electric trucks from municipalities and businesses.
BYD, often described as China’s Tesla, will open the plant next year in Ontario and hire about 40 people to start, BYD Canada spokesman Ted Dowling said in a phone interview. The Shenzhen-based company has decided to “significantly” accelerate its investment in Canada as growing demand for electric vehicles and provincial tax incentives create a more welcoming environment than the U.S. in the short-term, he said.
“There is less of a barrier to entry when it comes to having Chinese products in Canada compared to the U.S.,” Dowling said. The company, which is partly owned by Buffett’s Berkshire Hathaway Inc., declined to say where in the province the plant will be, how much it plans to invest or any government incentives it was offered. It expects to make an announcement in a few weeks, Dowling said.
It seems Baosteel has a good relationship with BYD
http://bg.baosteel.com/en/contents/3671/105473.html
News
Baosteel Co., Ltd. And BYD Set up a Joint Laboratory for Automotive Sheet[ 2017-05-22 ]
Recently, the laboratory for automotive sheet set up jointly by Baosteel Co., Ltd. And BYD has been unveiled……….
http://www.baosteel.com/group_en/contents/2863/39233.html
The cooperation between Baosteel and BYD can be dated back to the first car model developed by BYD. Now many products such as plain cold-rolled sheets, hot-rolled sheets, electro-galvanized sheets, pickled sheets, stainless steel and die steel have been extensively applied in BYD.