--- title: "Weekend Round-Up: Foxconn's Rival, BYD's Sales Surge And Tesla's Potential Win In Canada" type: "News" locale: "en" url: "https://longbridge.com/en/news/288965861.md" description: "The EV sector saw major developments: Foxconn launched the Cavira to rival Tesla's Model Y with superior range; BYD ended a sales slump with an 81% YoY surge in overseas sales for May; and Tesla may benefit from a Canada-China trade deal allowing over 49,000 Chinese EVs into Canada." datetime: "2026-06-07T14:06:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288965861.md) - [en](https://longbridge.com/en/news/288965861.md) - [zh-HK](https://longbridge.com/zh-HK/news/288965861.md) generator: "portal-rs" --- # Weekend Round-Up: Foxconn's Rival, BYD's Sales Surge And Tesla's Potential Win In Canada This week in the EV industry was nothing short of eventful. From **Foxconn** unveiling a new electric vehicle to rival **Tesla Inc.**, to **BYD Co., Ltd.** breaking its sales slump and Tesla potentially reaping benefits from a Canada-China EV deal, there’s a lot to catch up on. Here’s a quick recap of the top stories. ## **Foxconn’s New EV Takes On Tesla’s Model Y** In a bid to challenge Tesla’s dominance, Foxconn recently launched the Cavira, its latest electric vehicle under the Foxtron joint venture with Yulon Group. The Cavira boasts more interior space and an estimated range of 359 miles, outperforming the Model Y Standard Rear-Wheel Drive's 321 miles. *Read the full article here.* ## **BYD Breaks Sales Slump As Overseas Demand Surges** Chinese automaker BYD reported a 0.3% growth in global sales for May, marking an end to a decline that had persisted since July 2025. The company sold 160,644 units overseas in May, a whopping 80.4% YoY growth. However, domestic sales remain a challenge due to efforts by the Chinese Communist Party to end the domestic price war. *Read the full article here.* **Read Also: Nvidia Has Become An 'Infrastructure Company': Jensen Huang Shows Off RTX Spark Superchip, Vera CPU And AI Factory Vision At Computex 2026** ## **BYD Leads China’s Global EV Push** BYD, the world’s largest EV builder, reported an 81% YoY jump in overseas sales in May. The company’s 160,177 overseas units accounted for 42% of total sales. Meanwhile, Chery, China’s largest vehicle exporter, delivered three times as many vehicles overseas as at home last month. *Read the full article here.* ## **Foxconn’s Cavira Challenges Tesla’s Model Y** Foxconn’s Cavira, a new entrant in the EV market, is set to compete with Tesla’s Model Y. The vehicle offers more interior room and a longer range, potentially appealing to consumers seeking comfort and extended driving capabilities. *Read the full article here.* ## **Tesla Could Benefit from Canada's China EV Deal** An agreement between Ottawa and Beijing could see an influx of over 49,000 Chinese-made EVs in the Canadian market, potentially benefiting Tesla. This news comes amid a European sales rebound for the Elon Musk-led EV maker, which sold over 9,169 units in April, a 67.2% surge YoY. Read the full article here. ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Image via Shutterstock* **Read Also: Mark Cuban Pushes Back After Peter Diamandis Says $300,000 College Degrees Teach Skills AI Can Do For Free: 'Can't Teach You The…'** ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [601138.CN](https://longbridge.com/en/quote/601138.CN.md) - [TSL.US](https://longbridge.com/en/quote/TSL.US.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [09973.HK](https://longbridge.com/en/quote/09973.HK.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [BYD unveils battery-electric coach C12 for the UK](https://longbridge.com/en/news/304249566.md) - [BYD's October New Energy Vehicle Sales Rise 11% As EV Demand Remains Strong](https://longbridge.com/en/news/303857792.md) - [BYD plots new battery-electric coach launch in UK](https://longbridge.com/en/news/303735584.md) - [BYD achieves over 300,000 BEV sales in a single month for the first time](https://longbridge.com/en/news/303942485.md) - [BYD teases new model for Guangzhou Auto Show, with next-gen Han expected](https://longbridge.com/en/news/304200234.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**