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BYD plans 20 Canadian dealerships within a year as 6.1% tariff deal opens the floodgates

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BYD is moving fast to establish a physical retail presence in Canada, with plans to open 20 branded dealerships within its first year in the market. The world’s largest EV maker is already scouting locations in the Greater Toronto Area.

The push comes just two months after Canada slashed its 100% tariff on Chinese-built EVs to 6.1%, a dramatic policy reversal that has unlocked the Canadian market for Chinese automakers for the first time.

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BYD is open to building cars in Canada and acquiring a rival automaker

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BYD’s Executive Vice President Stella Li confirmed the world’s largest EV maker is studying the Canadian market for a wholly owned manufacturing plant, and signaled it could acquire a struggling legacy automaker to accelerate its global expansion.

The comments, made during an interview in São Paulo, mark BYD’s most aggressive public posture yet toward North American production and consolidation of weaker rivals in the global auto industry.

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BYD explores Formula 1 entry as it looks to boost global brand

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BYD, the world’s largest electric vehicle seller, is exploring an entry into Formula 1 as the Chinese automaker looks for ways to strengthen its brand recognition outside of China. The move would represent BYD’s first push into elite auto racing.

According to a Bloomberg report, BYD is considering options ranging from acquiring an existing team to potentially building one from scratch, though no decision has been made.

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BYD, Geely bid for 230,000-unit Nissan-Mercedes Mexico plant in North American push

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BYD and Geely are among three finalists competing to purchase a Nissan-Mercedes-Benz joint venture plant in Aguascalientes, Mexico, according to a Reuters exclusive report. The plant, which has a production capacity of 230,000 vehicles per year, would give either Chinese automaker an instant manufacturing foothold in North America, bypassing years of regulatory delays that have stalled their greenfield factory plans in the country.

The third finalist is Vietnamese EV maker VinFast. The three were selected from a pool of nine companies that expressed interest, including Chinese automakers Chery and Great Wall Motor.

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