Canada Pension Board Invests $600M in China EV as Ottawa Weighs Tariffs to Protect Domestic Industry

Published on July 2, 2024

Canada’s national pension fund has invested roughly $600 million in China’s electric vehicle (EV) sector, amid accusations from cabinet of unfair trade practices. The government is now mulling potential tariffs on related imports. Ottawa announced a public consultation last week on imposing tariffs on Chinese EV imports to protect Canadian workers from “unfair Chinese trade practices,” while accusing Beijing of intentionally creating a global oversupply that erodes incentives for Canadian EV producers. Meanwhile, the Canada Pension Plan Investment Board (CPPIB) holds millions in shares in the Chinese EV sector, according to its “Foreign Publicly Traded Equities” report released in March, as first covered by Blacklock’s Reporter....

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