Tesla Rival BYD Applies For Permit To Allow Canada Imports After Tariff Agreement [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
BYD Co. Ltd. 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. Canada had earlier announced that it would let over 49,000 EVs into the country from China for a reduced tariff rate of 6.1% as part of the agreement, with the number potentially expanding to over 70,000 in the future, amid criticism from President Donald Trump and Transport Secretary Sean Duffy Don't Miss: Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share What This Could Mean For Tesla In Canada The news comes as Tesla could benefit from selling its EVs in Canada, as the Mark Carn
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