Lotus Technology Expands Canadian Presence After Tariff Cut

Reuters
2026.01.17 17:20
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Lotus Technology Inc. plans to enhance its investment in Canada following a new tariff policy that allows 49,000 Chinese electric vehicles to enter at a 6.1% rate. With six authorized dealerships and completed North American homologation, Lotus aims to strengthen its market presence, particularly with a price reduction of its Eletre model and expected growth in wholesale deliveries.