Xiaomi’s ‘Tesla killer’, Beijing-Ottawa tariff deal promising for China market: 7 EV reads
AI Summary
China has produced a worthy "Tesla killer" with Xiaomi's SU7, which outsells the Model 3 after five years of playing catch-up. The country's premium electric vehicle makers have achieved this massive milestone, boosting national pride. A new strategic partnership between Beijing and Ottawa was announced in January, slashing tariffs on Chinese electric vehicles. This deal further cements China's dominance in the EV industry, according to analysts. Canada is now open to Chinese electric vehicles as a result of the agreement. The Beijing-Ottawa trade agreement suggests the US decline in the global EV market, with China emerging as a leading player.
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Source Transparency
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