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- Greg1234567890Greg1234567890
  ·01-19 16:19
  Dream on. Canadians won't be buying US brand cars manufactured China.
  Tesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs
  Tesla poised to be early winner as Canada opens door to Chinese-made EVsTesla equipped its Shanghai plant to export to Canada in 2023 China auto exports stopped after Canada imposed a 100% tariffChina-made cars now face only a 6.1% tariff after US-Canada deal
  Tesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs
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Canadians won't be buying US brand cars manufactured China.","listText":"Dream on. Canadians won't be buying US brand cars manufactured China.","text":"Dream on. Canadians won't be buying US brand cars manufactured China.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/523369011414472","repostId":"2604890002","repostType":2,"repost":{"id":"2604890002","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1768810330,"share":"https://ttm.financial/m/news/2604890002?lang=en_US&edition=fundamental","pubTime":"2026-01-19 16:12","market":"us","language":"en","title":"Tesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs","url":"https://stock-news.laohu8.com/highlight/detail?id=2604890002","media":"Reuters","summary":"Tesla poised to be early winner as Canada opens door to Chinese-made EVsTesla equipped its Shanghai plant to export to Canada in 2023 China auto exports stopped after Canada imposed a 100% tariffChina-made cars now face only a 6.1% tariff after US-Canada deal","content":"<html><head></head><body><p>Tesla equipped its Shanghai plant to export to Canada in 2023</p><p>China auto exports stopped after Canada imposed a 100% tariff</p><p>China-made cars now face only a 6.1% tariff after US-Canada deal</p><p>(Reuters) - Tesla is poised to be one of the first automakers to benefit from Canada&#39;s move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.</p><p>Under the deal announced last Friday, Canada will allow up to 49,000 vehicles to be imported annually from China with a tariff of 6.1% on most-favoured nation terms. Canadian Prime Minister Mark Carney said the quota could rise to reach 70,000 vehicles within five years.</p><p>However, under one clause in the agreement, half of the quota will be reserved for vehicles under 35,000 CAD ($25,189). Tesla model prices are all above that number.</p><p>While many Chinese automakers will be keen to seize the opportunity as they expand exports, Tesla has an advantage as it in 2023 already equipped its Shanghai plant, its biggest and most cost-efficient factory globally, to build and export a Canada-specific version of its Model Y.</p><p>The U.S. automaker had that same year started shipping the car from Shanghai to Canada, boosting Canadian imports of automobiles from China to its largest port, Vancouver, by 460% year over year to 44,356 in 2023.</p><p>But it was forced to stop in 2024 and switched to shipping from its U.S. and Berlin factories after Ottawa imposed 100% tariffs, citing a wish to counter what they called China&#39;s intentional state-directed policy of overcapacity.</p><p>Now, it ships Model Ys produced in Berlin to Canada, but more variants such as cheaper Model 3s are mostly built in China.</p><p>&#34;This new agreement could allow resumption of those exports rather quickly,&#34; said Sam Fiorani, vice president of research firm AutoForecast Solutions.</p><p>Tesla has an existing network of 39 stores in Canada, whereas Chinese rivals such as <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> 002594.SZ and <a href=\"https://laohu8.com/S/NIO.SI\">Nio</a> 9866.HK do not yet have a sales presence there, and it can also likely move faster with marketing plans as it only has four core models, far fewer than its Chinese competitors.</p><p>&#34;Tesla indeed has an advantage with its offering of a few models, versions and simple production lines so that it can be flexible to sell cars produced in any country in any markets to achieve the best cost efficiency,&#34; said Yale Zhang, managing director at Shanghai-based consultancy AutoForesight.</p><p>Tesla did not immediately respond to a Reuters&#39; request for comment.</p><p>Other brands that exported cars made in China to Canada before the tariffs included Volvo VOLVb.ST and Polestar, which are both owned by China&#39;s automaking group <a href=\"https://laohu8.com/S/00175\">Geely</a> GEELY.UL.</p><p>Volvo and Polestar also did not immediately respond to requests for comment.</p><p>OPPORTUNITIES FOR CHINESE EV BRANDS</p><p>However, the clause on price will likely give Chinese brands some breathing room.</p><p>&#34;The beneficiaries are likely to be Chinese automakers and the Canadian customers looking for an entry-level vehicle,&#34; Fiorani said.</p><p>John Zeng, head of market forecast for China at London-based consultancy GlobalData, said that the quota also would likely offer Chinese carmakers an opportunity to test the waters in Canada where there&#39;s a large population of Chinese Canadians.</p><p>Canada wants to look at joint ventures and investments with Chinese companies within the next three years to build a Canadian electric vehicle with Chinese knowledge, the public broadcaster CBC reported, citing a senior Canadian official.</p><p>China&#39;s top EV maker BYD currently has an electric bus assembly plant in Ontario, Canada.</p><p>Trump administration officials have criticized Canada&#39;s decision. The former Biden administration quadrupled tariffs on Chinese EVs to 100% in 2024 too, all but blocking such exports to the United States.</p><p>($1 = 1.3895 Canadian dollars)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-19 16:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla equipped its Shanghai plant to export to Canada in 2023</p><p>China auto exports stopped after Canada imposed a 100% tariff</p><p>China-made cars now face only a 6.1% tariff after US-Canada deal</p><p>(Reuters) - Tesla is poised to be one of the first automakers to benefit from Canada&#39;s move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.</p><p>Under the deal announced last Friday, Canada will allow up to 49,000 vehicles to be imported annually from China with a tariff of 6.1% on most-favoured nation terms. Canadian Prime Minister Mark Carney said the quota could rise to reach 70,000 vehicles within five years.</p><p>However, under one clause in the agreement, half of the quota will be reserved for vehicles under 35,000 CAD ($25,189). Tesla model prices are all above that number.</p><p>While many Chinese automakers will be keen to seize the opportunity as they expand exports, Tesla has an advantage as it in 2023 already equipped its Shanghai plant, its biggest and most cost-efficient factory globally, to build and export a Canada-specific version of its Model Y.</p><p>The U.S. automaker had that same year started shipping the car from Shanghai to Canada, boosting Canadian imports of automobiles from China to its largest port, Vancouver, by 460% year over year to 44,356 in 2023.</p><p>But it was forced to stop in 2024 and switched to shipping from its U.S. and Berlin factories after Ottawa imposed 100% tariffs, citing a wish to counter what they called China&#39;s intentional state-directed policy of overcapacity.</p><p>Now, it ships Model Ys produced in Berlin to Canada, but more variants such as cheaper Model 3s are mostly built in China.</p><p>&#34;This new agreement could allow resumption of those exports rather quickly,&#34; said Sam Fiorani, vice president of research firm AutoForecast Solutions.</p><p>Tesla has an existing network of 39 stores in Canada, whereas Chinese rivals such as <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> 002594.SZ and <a href=\"https://laohu8.com/S/NIO.SI\">Nio</a> 9866.HK do not yet have a sales presence there, and it can also likely move faster with marketing plans as it only has four core models, far fewer than its Chinese competitors.</p><p>&#34;Tesla indeed has an advantage with its offering of a few models, versions and simple production lines so that it can be flexible to sell cars produced in any country in any markets to achieve the best cost efficiency,&#34; said Yale Zhang, managing director at Shanghai-based consultancy AutoForesight.</p><p>Tesla did not immediately respond to a Reuters&#39; request for comment.</p><p>Other brands that exported cars made in China to Canada before the tariffs included Volvo VOLVb.ST and Polestar, which are both owned by China&#39;s automaking group <a href=\"https://laohu8.com/S/00175\">Geely</a> GEELY.UL.</p><p>Volvo and Polestar also did not immediately respond to requests for comment.</p><p>OPPORTUNITIES FOR CHINESE EV BRANDS</p><p>However, the clause on price will likely give Chinese brands some breathing room.</p><p>&#34;The beneficiaries are likely to be Chinese automakers and the Canadian customers looking for an entry-level vehicle,&#34; Fiorani said.</p><p>John Zeng, head of market forecast for China at London-based consultancy GlobalData, said that the quota also would likely offer Chinese carmakers an opportunity to test the waters in Canada where there&#39;s a large population of Chinese Canadians.</p><p>Canada wants to look at joint ventures and investments with Chinese companies within the next three years to build a Canadian electric vehicle with Chinese knowledge, the public broadcaster CBC reported, citing a senior Canadian official.</p><p>China&#39;s top EV maker BYD currently has an electric bus assembly plant in Ontario, Canada.</p><p>Trump administration officials have criticized Canada&#39;s decision. The former Biden administration quadrupled tariffs on Chinese EVs to 100% in 2024 too, all but blocking such exports to the United States.</p><p>($1 = 1.3895 Canadian dollars)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","BK1588":"回港中概股","BK0155":"锂电池","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4581":"高盛持仓","BK4543":"AI","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4511":"特斯拉概念","LU2580892789.USD":"FRANKLIN SEALAND CHINA A-SHARES \"A\" (USD) ACC","BK0169":"共享汽车","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - 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Tesla is poised to be one of the first automakers to benefit from Canada's move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.Under the deal announced last Friday, Canada will allow up to 49,000 vehicles to be imported annually from China with a tariff of 6.1% on most-favoured nation terms. Canadian Prime Minister Mark Carney said the quota could rise to reach 70,000 vehicles within five years.However, under one clause in the agreement, half of the quota will be reserved for vehicles under 35,000 CAD ($25,189). Tesla model prices are all above that number.While many Chinese automakers will be keen to seize the opportunity as they expand exports, Tesla has an advantage as it in 2023 already equipped its Shanghai plant, its biggest and most cost-efficient factory globally, to build and export a Canada-specific version of its Model Y.The U.S. automaker had that same year started shipping the car from Shanghai to Canada, boosting Canadian imports of automobiles from China to its largest port, Vancouver, by 460% year over year to 44,356 in 2023.But it was forced to stop in 2024 and switched to shipping from its U.S. and Berlin factories after Ottawa imposed 100% tariffs, citing a wish to counter what they called China's intentional state-directed policy of overcapacity.Now, it ships Model Ys produced in Berlin to Canada, but more variants such as cheaper Model 3s are mostly built in China.\"This new agreement could allow resumption of those exports rather quickly,\" said Sam Fiorani, vice president of research firm AutoForecast Solutions.Tesla has an existing network of 39 stores in Canada, whereas Chinese rivals such as BYD 002594.SZ and Nio 9866.HK do not yet have a sales presence there, and it can also likely move faster with marketing plans as it only has four core models, far fewer than its Chinese competitors.\"Tesla indeed has an advantage with its offering of a few models, versions and simple production lines so that it can be flexible to sell cars produced in any country in any markets to achieve the best cost efficiency,\" said Yale Zhang, managing director at Shanghai-based consultancy AutoForesight.Tesla did not immediately respond to a Reuters' request for comment.Other brands that exported cars made in China to Canada before the tariffs included Volvo VOLVb.ST and Polestar, which are both owned by China's automaking group Geely GEELY.UL.Volvo and Polestar also did not immediately respond to requests for comment.OPPORTUNITIES FOR CHINESE EV BRANDSHowever, the clause on price will likely give Chinese brands some breathing room.\"The beneficiaries are likely to be Chinese automakers and the Canadian customers looking for an entry-level vehicle,\" Fiorani said.John Zeng, head of market forecast for China at London-based consultancy GlobalData, said that the quota also would likely offer Chinese carmakers an opportunity to test the waters in Canada where there's a large population of Chinese Canadians.Canada wants to look at joint ventures and investments with Chinese companies within the next three years to build a Canadian electric vehicle with Chinese knowledge, the public broadcaster CBC reported, citing a senior Canadian official.China's top EV maker BYD currently has an electric bus assembly plant in Ontario, Canada.Trump administration officials have criticized Canada's decision. The former Biden administration quadrupled tariffs on Chinese EVs to 100% in 2024 too, all but blocking such exports to the United States.($1 = 1.3895 Canadian dollars)","news_type":1,"symbols_score_info":{"TSLA":2}},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}