Lotus Tech Welcomes Canada’s New Tariff Policy on Chinese EVs
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Lotus Technology Inc. has welcomed Canada's new tariff policy allowing 49,000 Chinese electric vehicles to enter at a 6.1% tariff rate. CEO Qingfeng Feng highlighted Canada's strategic importance and plans for increased investment in North America. The policy is expected to lower the retail price of the Lotus Eletre and boost wholesale deliveries through its dealer network. This move is seen as a step towards a more open market environment for EVs in Canada.
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