Chinese BYD cars emerge as threat to automakers [USA TODAY]
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Source: USA TODAY
The company, founded as a rechargeable battery maker in 1995 and headquartered in Shenzhen, China, has been singled out in recent years as an existential threat to American, European and Japanese automakers. BYD vehicles are sold in over 112 cities across 102 countries spanning six continents, according to its website, and are soon to enter the Canadian market as part of a new deal inked by Canadian Prime Minister Mark Carney. Our neighbor to the north opened the door, slightly, to Chinese automakers recently, saying Canada will allow up to 49,000 Chinese electric vehicles into its market, with the most-favored-nation tariff rate of 6.1% . That represents less than 3% of the Canadian market for new vehicles based on the market size between 2023-24. While other brands make EVs in China, the number of BYDs driven worldwide increases each year. Data released Jan. 9 from the China Passenger Car Association showed that overall car exports from China jumped 19% to 5.79 million vehicl
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