BYD Co. Ltd. (OTC:BYDDY) has applied for a permit to import its vehicles in Canada following the reduced tariff agreement between Ottawa and Beijing.
BYD Vehicles At 6.1% Tariff
On Thursday, BYD had registered its factories in Shenzhen and Xi’an as potential exporters to Canada, filings from the automaker to Canada’s transport regulator, Transport Canada, showed.
What This Could Mean For Tesla In Canada
Tesla, which sells its vehicles via 39 outlets in the country imported from its Shanghai facility, could benefit from the lower tariffs despite being a U.S.-based company.
BYD, Tesla Sales
Meanwhile, overseas sales for the Chinese automaker continue to be a positive spot as BYD sales surged 165% in the European market, which saw Tesla decline over 17%.
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