(March 13): BYD Co, China’s largest car manufacturer, is actively considering building a plant in Canada while also keeping its options open to acquire a more established global automaker. While Canada has been courting investment from Chinese carmakers, its government is pushing a joint venture with one or more Canadian companies. In January, Canada agreed to exempt as many as 49,000 Chinese-built electric vehicles (EVs) annually from a 100% tariff imposed in 2024, part of a shift away from the country’s previous policy of keeping Chinese cars out. More recently, some Western automakers have stepped up efforts to tap Chinese carmakers for technological assistance and production capacity. Stellantis NV is considering tapping EV technology from its Chinese partner Leapmotor and is exploring deals with Chinese carmakers for investment in Europe.

Source: The Edge Markets March 13, 2026 08:00 UTC