Canada EV Tariffs
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Lotus Tech Addresses Canadian Tariff Changes, Eletre Model Poised for Growth
Canada’s reduction of tariffs on Chinese EVs from 100% to 6.1% significantly benefits Lotus Technology. This policy shift is expected to halve the price of Lotus’s Eletre in Canada, boosting wholesale deliveries. With North American homologation complete and a dealership network in place, Lotus is well-positioned to capitalize on this opportunity, which complements its strategic investments and product expansion plans. The tariff change specifically aids Chinese-manufactured premium EVs, unlike broader market trends.
