Tesla Rival BYD Applies For Permit To Allow Canada Imports After Tariff Agreement - BYD (OTC:BYDDY)

Group 1 - BYD Co. Ltd. has applied for a permit to import its vehicles into Canada following a reduced tariff agreement between Ottawa and Beijing [1] - BYD has registered its factories in Shenzhen and Xi'an as potential exporters to Canada, with a tariff rate of 6.1% [2] - BYD's overseas sales have seen significant growth, with a 165% increase in the European market, contrasting with a 17% decline in Tesla's sales [4] Group 2 - Tesla, which operates 39 outlets in Canada and imports vehicles from its Shanghai facility, may benefit from the lower tariffs despite being a U.S.-based company [3]