Geely Automobile Holdings LtdGeely to ship Lotus EVs to Canada under new trade deal, opening new market
Geely will begin shipping Lotus-branded electric vehicles to Canada next month under a new bilateral trade deal with China. China's ambassador to Canada, Wang Di, confirmed the shipment to Reuters, describing it as the first delivery of Chinese-manufactured cars under an arrangement permitting up to 49,000 Chinese EVs annually into the country at reduced tariff rates. Wang said the vehicles will arrive in Montreal with a ceremony planned. Other Chinese manufacturers, including Chery and BYD, are still working through Canadian regulatory requirements, with BYD unlikely to begin sales before next year. The EV agreement is part of a broader trade realignment as Canada aims to reduce economic dependence on the US, with Canadian exports to China already up 27.5% in the five months following Prime Minister Mark Carney's January visit.
Geely Automobile Holdings LtdGeely to ship Lotus EVs to Canada under new trade deal, opening new market
Chery Automobile Co LtdChery still working through Canadian regulatory requirements, no sales imminent
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BYD Co Ltd Class ABYD unlikely to begin sales in Canada before next year due to regulatory hurdles