China’s BYD in talks to open Canadian dealerships - Globe and Mail

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices jump over 3%, WTI touches $100/barrel on Iran escalation Brent tops $110 after hit on world’s largest natural gas field, Fed uncertainty Gold prices hit over a one-month low after Fed holds rates steady as expected Stocks end in the red after Fed expresses uncertainty over impact of oil shock FLASH SALE (South Africa Philippines Nigeria) FLASH SALE China’s BYD in talks to open Canadian dealerships - Globe and Mail By Author Ayushman Ojha Stock Markets Published 03/18/2026, 09:23 PM China’s BYD in talks to open Canadian dealerships - Globe and Mail 0 1211 0.78% Investing.com-- BYD Co (HK:1211) is in talks to open dealerships in Canada, beginning in the Greater Toronto Area, as the Chinese electric-vehicle maker explores entry under Ottawa’s new import quota for Chinese EVs, The Globe and Mail reported on Thursday. Citing Farid Ahmad, chief executive of Dealer Solutions Mergers & Acquisitions in Markham, Ontario, the report said BYD aims to establish 20 dealerships within a year, starting in Toronto before expanding to Vancouver, Montreal, and Calgary. Get real-time updates on market-moving news with InvestingPro Ahmad told the newspaper his consultancy is currently discussing three possible dealership locations and has also been approached by other Chinese automakers seeking Canadian retail networks. The Globe and Mail said Chery Automobile is also preparing to enter Canada, following the government’s decision in January to cut tariffs on Chinese EVs to 6.1% from 100% under a quota allowing 49,000 vehicles initially. The move comes as Prime Minister Mark Carney seeks to widen EV supply while balancing domestic industry concerns. Chinese EV imports remain politically sensitive, with Canadian automakers warning that lower-cost rivals could pressure local manufacturers.