China's BYD Eyes Canadian EV Market Amid Tariff Discussions
BYD prepares to expand its North American presence, facing potential Canadian tariffs similar to those in the US and EU.
- BYD has filed regulatory documents in Canada, signaling its intent to sell electric vehicles there.
- The company has engaged with Canadian dealers about setting up local dealerships.
- Canada is considering imposing tariffs on Chinese EVs, following US and EU policies.
- BYD already has a presence in North America through Mexico and its electric buses in the US.
- The expansion into Canada could serve as a strategic move to circumvent US tariffs.