BYD plans 20 Canadian dealerships within a year as 6.1% tariff deal opens the floodgates

BYD is moving fast to establish a physical retail presence in Canada, with plans to open 20 branded dealerships within its first year in the market. The world’s largest EV maker is already scouting locations in the Greater Toronto Area.

The push comes just two months after Canada slashed its 100% tariff on Chinese-built EVs to 6.1%, a dramatic policy reversal that has unlocked the Canadian market for Chinese automakers for the first time.

more…