Totalcar – Magazine – A new country on BYD’s target

• BYD would also enter the Canadian market.
• However, this will not be an easy process, as the Ottawa government is considering the introduction of a punitive duty.

The Chinese electric car manufacturer BYD, which is also building a car factory in Szeged, has decided to conquer the Canadian car market, Reuters wrote, referring to the authorization documents submitted to the authorities. The fact that the government of the North American country is considering the introduction of punitive tariffs that make the import of Chinese cars more expensive does not hold the company back either.

With the latter, Canada can follow in the footsteps of its southern neighbor the United States and the European Union, despite the fact that it does not have at all the car manufacturing history of the USA or Europe. However, in the capital, Ottawa, they may think that they have to show solidarity with their two allies, since they agree with them in principle. That is, in the fact that the state support of Chinese electric car production distorts market competition.

The government launched a consultation period on July 2 to figure out what to do. When read through Chinese eyes, the promotion does not look encouraging. According to this, because of the unfair competition conditions, imports may run away, which may ultimately hinder the electric car investments planned in Canada, i.e. the country’s automotive industry.

Reuters was unable to find out which authorities BYD Canada, the Chinese company’s local interest, negotiated with to enter the market. From the documents, which the press workers of the news agency had a look at, it was not revealed when they want to start the export.

At the same time, a medium-sized hybrid pickup was launched in Mexico in May. They also announced that they do not want to enter the market in the USA, where Chinese car imports are subject to a 100 percent punitive tariff.