Geely News & Analysis
2 articles
Market Mood
Chinese EVs Enter Canada with 49K Units Allowed and 6.1% Tariff
Canada has approved the import of 49,000 Chinese electric vehicles (EVs) annually, imposing a tariff rate of 6.1%. This is significantly lower than the 100% tariff for other vehicle imports from China. The decision is generating interest among Canadian dealers, with CEO Farid Ahmad of DSMA reporting nearly 400 inquiries from dealers eager to represent Chinese brands like BYD, Geely, and Chery. While the Canadian Vehicle Manufacturers' Association has expressed concerns, market analysts suggest that the controlled imports will not drastically alter the competitive landscape among established automakers such as GM and Ford.
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Geely Increases U.S. Investment with 100% Tariff on EVs
Chinese company Geely Holding Group has invested in three U.S. automakers: Volvo Cars, Polestar, and Lotus. Despite the U.S. implementing a 100% tariff on EVs from China, Geely has a dealer network to support its operations, with Volvo's South Carolina factory capable of producing about 150,000 vehicles annually. In 2025, Volvo produced approximately 18,500 vehicles and plans to expand U.S. made units significantly, aiming for 50%-60% of its sales growth to come from U.S. manufacturing. U.S. sales are expected to rise to about 200,000 units, up from around 122,000 in 2025.
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