China's biggest EV maker is setting its sights on Canada's car market, according to documents filed with the country's government.
Hefty new tariffs should keep Chinese electric cars out of the U.S. for the foreseeable future. But nothing is currently stopping China's flourishing electric vehicle makers from targeting America's closest neighbors. BYD, China's biggest EV company, is setting its sights on the Canadian car market, Automotive News first reported on Tuesday. If the move comes to pass, it could be yet another step forward in China's quest to dominate the global car market.
By some estimates, Chinese brands will account for one in three vehicles sold in 2030. Hence the Biden administration's recent move to slap 100% tariffs on EVs imported from China, and its other policies aimed at promoting onshoring and friendshoring of critical EV-related manufacturing. Get the best news, reviews, columns, and more delivered straight to your inbox. Sign up For more information, read ourPrivacy Policy and Terms of Use.
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