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flag BYD plans a wholly owned EV plant in Canada to boost exports under relaxed tariffs, avoiding the U.S. due to high barriers.

flag BYD is exploring building a wholly owned EV plant in Canada, seeking greater control amid relaxed tariff rules that allow 49,000 Chinese-made EVs annually. flag The company avoids the U.S. due to high tariffs and tech restrictions, instead expanding via its Brazil model with a $97 million investment and 1,000 ultra-fast chargers by 2027. flag Despite a 36% sales drop in early 2026, BYD aims for 1.3 million overseas sales, leveraging in-house battery and flash-charging tech. flag It’s also considering acquiring a legacy automaker in Canada and entering elite motorsports like Formula 1, though no deals are active.

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