Canadian officials followed the U.S.' lead, imposing a 100% tariff on Chinese-built EVs. Now, BYD's plans are on pause.
BYD was planning to enter the Canadian market, bringing cheap Chinese EVs to the U.S.' Northern Neighbor. But Canada followed the lead of President Joe Biden, imposing its own 100% tariff on Chinese EVs. The result is unsurprising: According to new reporting from Automotive News, BYD has paused plans to enter Canada. BYD won't be entering Canada anytime soon, according to a new report from Automotive News.
The company announced a partnership with Uber, and in the release I spotted an interesting line: Beginning first in Europe and Latin America, the partnership is expected to offer drivers access to best-in-class pricing and financing for BYD vehicles on the Uber platform, and will expand to include markets across the Middle East, Canada, Australia, and New Zealand. Those other markets made sense. But Canada's inclusion was weird, given that the company didn't sell vehicles there.
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