In January this year, Canada implemented a significant tariff reduction on electric vehicles imported from China, slashing the rate from 100% to just 6.1%. This move paved the way for the swift arrival of the first batch of electric and plug-in hybrid vehicles from Chinese automakers. Chery has dispatched an initial batch of around 150 vehicles to Canada specifically for testing, with plans to deliver an additional 1,000 units over the next three months. Meanwhile, the first 10 dealerships are projected to be operational by the end of June. Lotus, a subsidiary of Geely, has already exported 18 units of its premium electric SUV, the Eletre, marking a milestone as the first Chinese automaker to export vehicles to Canada under the new trade framework. This model has successfully navigated the certification process, its dealership network is expanding rapidly, and prices have plummeted by roughly 50% thanks to the tariff reduction. The surge of Chinese new energy vehicles entering the Canadian market has placed the United States in a somewhat precarious position.
