GAC eyes Canadian market launch in 2020, report says
Guangzhou Automobile Group Co. wants to begin vehicle sales in Canada in 2020, according to a report in The Toronto Globe and Mail.
The state-owned automaker plans to launch in the United States in 2019 and follow suit in Canada the next year.
The newspaper also said executives from fellow Chinese automaker SAIC Motor Corp. were in Canada last week assessing the market.
The Globe and Mail reported that SAIC representatives told auto industry sources who met with the Chinese company that it appears to be in the early stages of studying Canada.
The report comes less than two months after Ontario’s former trade minister, Sandra Pupatello, called on Chinese automakers to invest in Canada.
The state-owned automaker plans to launch in the United States in 2019 and follow suit in Canada the next year.
The newspaper also said executives from fellow Chinese automaker SAIC Motor Corp. were in Canada last week assessing the market.
The Globe and Mail reported that SAIC representatives told auto industry sources who met with the Chinese company that it appears to be in the early stages of studying Canada.
The report comes less than two months after Ontario’s former trade minister, Sandra Pupatello, called on Chinese automakers to invest in Canada.
