Overseas automakers are increasingly eyeing the North American market, particularly with regard to electric vehicles, which present both opportunities and challenges amid tariff concerns.
VinFast and BYD are expanding their EV offerings across different price points, a strategy that U.S.-based automakers have generally not adopted, with GM being a notable exception.
BYD's decision to pause expansion plans into Canada is influenced by the Canadian government's recent establishment of a 100% tariff on EVs made in China.
Despite challenges, a lower-priced BYD EV could potentially withstand tariffs, as doubling the price of the Seagull would still keep it under $25,000.
Collection
[
|
...
]