Four Chinese automakers explore using Canada’s low-tariff EV import quota

IndustryRegulation Impact 4
โดย Investing.com·Read original
Summary · why it matters

Four Chinese automakers are examining ways to use Canada’s low-tariff import quota for electric vehicles and are considering domestic manufacturing partnerships, Industry Minister Melanie Joly said Monday. Joly traveled to China last week and met with officials from BYD Co., Chery Automobile Co., Zhejiang Geely Holding Group Co., and Shanghai Launch Automotive Technical Co. Her trip followed Prime Minister Mark Carney’s January visit to Beijing, where he announced a trade agreement that permits up to 49,000 Chinese-made EVs to enter Canada under a tariff of approximately 6%, eliminating the additional 100% tariff imposed in 2024. Joly told reporters that all the companies she met with are willing to explore creating joint ventures in Canada, though such arrangements would need to meet specific conditions including Canadian control of the joint venture and a localized supply chain. Chinese-made EVs began entering Canada under the new low-tariff quota in May, with the majority being Tesla Inc. cars made at the company’s Shanghai factory.

Impact on stocks 7

Electrification & Mobility▲ · 5 stocks
Geely Automobile Holdings Ltd
0175
▲ PositiveTariffrelevance

Geely is one of the four automakers exploring use of Canada's low-tariff EV import quota and considering joint ventures, which could boost its Canadian market access.

Chery Automobile Co Ltd
9973
▲ PositiveTariffrelevance

Chery is one of the four automakers exploring use of Canada's low-tariff EV import quota and considering joint ventures, which could boost its Canadian market access.

Tesla Inc
TSLA
± MixedTariffrelevance

Tesla's China-made EVs are already entering Canada under the low-tariff quota, but the article focuses on Chinese automakers exploring the quota; Tesla is mentioned as a current user, not a subject of the news.

Consumer Discretionary▲ · 1 stocks
Others▲ · 1 stocks
BYD Co Ltd Class A
002594
▲ PositiveTariffrelevance

BYD is one of the four automakers exploring use of Canada's low-tariff EV import quota and considering joint ventures, which could boost its Canadian market access.

Theme Impact 2

Off-coverage companies 1

Shanghai Launch Automotive Technical Co.Private▲ Positive
Tariffrelevance

Shanghai Launch Automotive Technical is one of the four automakers exploring use of Canada's low-tariff EV import quota and considering joint ventures, which could boost its Canadian market access.

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