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Canada’s new 100% tariffs on Chinese-made EVs could shake up the market, impacting rivals like Tesla and Lotus while offering a potential advantage to BMW. With competitors facing higher costs, BMW may see an opportunity to capture more of the Canadian EV market, though it also faces challenges with its Chinese-produced MINI models.
Lotus Technology, the electric car division of the Geely brand Lotus, is significantly lowering its delivery forecast for 2024. One of the reasons cited by the company is the uncertainty caused by the new special tariffs in the USA and the European Union.