Etiqueta: Tariffs

BYD is looking to enter the Canadian auto market, although the North American country is considering tariffs on EVs from China.

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Canada, following in the footsteps of the United States and the European Union, said in June it was considering imposing tariffs on Chinese-made electric vehicles as it seeks to align itself with its allies against what the West views as a heavily subsidized Chinese industry. Ottawa opened a month-long public consultation period on July 2 to weigh its response, noting "China's unfair support for the EV sector, if left unchecked, could lead to an exponential surge of imports that will adversely affect planned EV investments and the transformation of Canada's automotive sector."

With the Canadian government’s 30 days of consultation about possible tariffs on Chinese-made electric vehicles coming to an end this week, it’s been discovered that BYD (Build Your Dreams) is actively preparing an entry into Canada. As Automotive News reports, lobbyists representing the Chinese EV maker registered with the federal …

Tesla and BYD hold a third of the global electric vehicle market share, with BYD rapidly gaining ground and challenging Tesla's dominance.

BYD only launched in the UK last year – but has already caused a stir with its three-strong line-up of electric cars.

China’s BYD Races Ahead With New Plants In Emerging Markets | Global Finance Magazine

BYD Company (OTC: BYDDY) may surpass Tesla Inc. (NASDAQ: TSLA) in annual EV sales this year, driven by growing demand in China despite declining interest in the U.S. and Europe. This shift contrasts with January's forecast, which expected Tesla to lead until decade's end.

Singapore emerged as one of the main markets of focus for BYD in the region, with the carmaker launching an aggressive marketing campaign in the city-state

BYD Co. may eclipse Tesla Inc. in annual electric vehicle sales this year as demand surges in China but stalls in the US and Europe, according to Bloomberg Intelligence.