BYD inquired about taking over Canada Stellantis plant: Mayor

BYD has reportedly expressed interest in acquiring a legacy automaker in Canada, though no formal negotiations have been confirmed, according to Executive Vice President Li Ke. While the company has not yet engaged in direct talks with Stellantis, the suggestion of a potential takeover has emerged in public discourse, including comments from local officials. A mayor in the Toronto area reportedly mentioned that BYD has inquired about taking over a Stellantis plant, though the automaker has not officially confirmed such discussions.

BYD is currently evaluating the feasibility of establishing a wholly owned manufacturing plant in Canada, emphasizing preference for independent operations over joint ventures. The company is also exploring the acquisition of an existing automaker to strengthen its global footprint, particularly in markets where it can leverage electric and hybrid technologies. This strategy aligns with broader industry trends, as traditional automakers face increasing pressure to adapt to the shift toward electrification.

Canada has recently adjusted its trade policies to allow up to 49,000 Chinese-made EVs annually, exempt from the 100% tariffs imposed in 2024. While the government encourages joint ventures, BYD has indicated a preference for full control over its operations. If the company proceeds with a Canadian plant, it would represent a significant step in global expansion strategy, particularly in North America.