Beijing and Ottawa reached a “landmark” trade agreement last week, slashing tariffs on Chinese electric vehicles, in a move analysts said further cements China’s dominance and suggests the US decline in the global EV market.
The deal will open Canada up to Chinese EVs, signalling a thaw in diplomatic relations and a major break from the US. The bilateral partnership marks a shift in direction for Canada’s automotive industry, coming during a month that saw China’s BYD topple Tesla as the world’s top-selling EV maker.
