China's BYD open to building cars in Canada, buying out rivals

Marella Fernandez, The Close | BNN Bloomberg

Mar 13, 2026

APMA President Flavio Volpe discussed reports that BYD may consider building vehicles in Canada, noting the economic benefits would depend on whether production includes a local supply chain. He also addressed Honda Motor’s large EV-related write-downs, saying several automakers are slowing or recalibrating electric vehicle investments as market demand evolves.

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