BYD explores Canada plant and potential legacy automaker buyout [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
Chinese EV maker BYD is assessing plans to build a manufacturing plant in Canada while also leaving open the possibility of acquiring an established global automaker. In an interview with Bloomberg , executive vice president Stella Li said the company is examining the Canadian market for a potential production facility. Although no final decision has been made, she added that if the project goes ahead, BYD would aim to own and operate the factory itself. Canada, for its part, has been looking to attract investment from Chinese carmakers and has encouraged them to pursue joint ventures with Canadian businesses. In January, the country agreed to exempt up to 49,000 Chinese-made EVs a year from a 100% tariff introduced in 2024, a move that signalled a change from its earlier approach of keeping Chinese vehicles out of the market. Li also said BYD could consider buying a legacy automaker, at a time when several manufacturers in the US, Europe and Japan are under strain from the
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