According to foreign media reports, BYD is preparing to enter the Canadian car market, which may completely change the pattern of the North American electric vehicle market, but it may also lead to scrutiny by the Canadian government because Canadian trade officials are considering imposing tariffs on electric vehicles imported from China.
According to public documents submitted to Canada at the end of July this year, lobbyists representing BYD have registered with the Canadian federal government and the Ontario government to “provide advice on BYD’s entry into the Canadian electric passenger vehicle sales market, the establishment of new businesses and electric vehicle tariffs”.
It is not clear when or how BYD will sell in Canada, but an auto industry source said BYD recently met with Canadian dealers to discuss setting up local dealerships.
Canada is in the final stages of a review of state subsidies for Chinese carmakers, which could lead to new tariffs.
On July 2, Canada began an one-month public consultation period to weigh its response and pointed out that “if left uncontrolled, China’s unfair support for its electric vehicle industry could lead to a sharp increase in imports.
This will have a negative impact on the planned investment in electric vehicles in Canada and the transformation of the automotive industry.
BYD did not immediately respond to requests for comment on possible sales in Canada, the possibility of production in Canada or how it plans to respond to import tariffs on electric vehicles currently under consideration in Canada.
BYD overtook Tesla at the end of last year to become the world’s best-selling electric car manufacturer.
If the company succeeds in entering the Canadian market, it will become the first local Chinese carmaker to sell electric passenger cars in Canada.
While seeking to enter the Canadian market, BYD has gained a foothold in Mexico, where it delivered its first 100 yuan PLUS compact crossover cars earlier this year.
In addition, in July, BYD chose to hold the global launch of BYD Shark in Mexico City and plans to build a factory in central Mexico to produce plug-in hybrid pickups, which, according to the company, will create more than 1000 jobs there.
BYD yuan PLUS.
Photo Source: BYD, in addition, BYD also operates in several global markets such as Asia, Europe and South America, but it is worth noting that the company did not enter the US market, and the United States recently announced that it would raise import tariffs on Chinese-made electric cars to 102.
5% from 27.
5% before.
In February, Stella Li, BYD’s executive vice president and chief executive of America, said the company had “no plans” to enter the US market.
She points out that this is due to growing political resistance faced by Chinese companies and a slowdown in the penetration of electric vehicles in the United States.
Similar to the United States, in July this year, the European Union imposed a temporary import tariff of 17.
4% on BYD cars, arguing that BYD had received unfair state subsidies, especially for battery materials.
Flavio Volpe, president of the Canadian Association of Auto parts Manufacturers (APMA), was one of the first to warn that affordable electric cars in China could threaten North American manufacturing.
China’s share of Mexico’s electric vehicle imports rose from 5.
4 per cent to 19.
7 per cent from 2022 to 2023, according to Flavio Volpe.
In a round-table discussion on July 25th, he called the growth “very rapid”.
Flavio Volpe said Canada must emulate other countries in terms of tariffs to protect its domestic car market as well as the US market, as 80 per cent of Canadian-made cars are shipped to the US.
“if Canada doesn’t do this, it will lose market share in the United States,” Flavio Volpe said.
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