May. 18 at 12:21 PM
$BLNK BYD's presence in Mexico is growing rapidly. The automaker dominates the country's electric vehicle (EV) market. BYD has captured an estimated 70% of Mexico's EV and plug-in hybrid market.
BYD's presence is rapidly growing in Canada. Following federal approvals to enter the market, the brand is establishing a major retail network to offer highly anticipated, affordable EVs as a gateway into North America.Growth and expansion details include:Dealership Network: BYD plans to open up to 20 branded dealerships across the country. Initial focuses are in the Greater Toronto Area (GTA), with future expansions slated for Vancouver, Montreal, and Calgary.Import Quotas: Canada greenlit BYD’s entry and allows an initial quota of up to 49,000 Chinese-built electric vehicles per year, a limit expected to rise to 70,000 annually by 2030. NORTH AMERICA is next....if they manufacture here...Trump will let them in.
