Lotus Tech Poised for Growth in Canada with New Tariff Policy

Lotus Tech, a Chinese EV manufacturer, welcomes Canada's new tariff policy slashing 100% tariffs on Chinese EVs to 6.1%. The policy benefits Lotus Tech's Eletre model, which is the only Chinese-made EV entering the North American market above $80,000. The planned retail price of Eletre in Canada is expected to be revised down approximately 50%, with wholesale deliveries projected to achieve exponential growth.