U.S. Envoy Takes Firm Stance Against Chinese EVs Despite President Trump's Leniency [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
This comes months after President Donald Trump revealed that he was open to EV companies producing cars locally. MotorBiscuit recently reported that Canada had loosened its grip on Chinese EV companies by relaxing its tariff structure, allowing them to enter the country at a revised duty rate of just 6.1%. This has helped brands like BYD and Chery access the Canadian market, although they are only allowed to bring in a fixed 24,500 Chinese-made EVs each under the quota, still enough to build a strong dealer network. Both brands are planning to establish independent dealerships, but it remains to be seen if they can sustain multiple dealerships under a limited vehicle quota. Read More from MotorBiscuit: Iran Puts Tesla and Major U.S. Firms on Target List in Retaliation Warning Uber and Lucid Reveal Advanced Six-Seater Robotaxi; 100,000 Units to be Launched in 2027 GM Stops Production in Detroit as 1,300 Employees Face Temporary Layoff A white sports car parked on the si
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- Chinese carmakers are preparing to sell you an EV for $10,000. Here's why America isn't ready [Los Angeles Times (CA)]Los Angeles Times
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