BYD Considers Canadian EV Plant and Potential Automaker Acquisition Amid Expansion

Chinese electric vehicle maker BYD is exploring the possibility of establishing a manufacturing plant in Canada, preferring full ownership over joint ventures, despite the Canadian government's encouragement of partnerships with local firms. The company is also open to acquiring established global automakers as traditional manufacturers face challenges transitioning to electric vehicles. Canada recently exempted up to 49,000 Chinese-built EVs annually from tariffs, signaling a shift in trade policy. No final decisions or acquisition targets have been announced.