From Newsgroup: alt.philosophy.taoism
aye posted:
Insta360 fan posted:
Canada has pledged to allow an annual import quota
of 49,000 Chinese-made vehicles,
Which ones?
Already selling, or highly likely first movers
Tesla (ShanghairCabuilt) rCo Canada already imported large volumes
of ModelrC>3 and ModelrC>Y from TeslarCOs China plant before tariffs hit; these are expected to make up a big portion of the quota
since Tesla already meets Canadian standards
and has dealers/service.
Polestar (ChinarCabuilt) rCo GeelyrCaowned EV brand
that previously exported the PolestarrC>2 to Canada;
likely to resume imports.
Volvo EVs made in China rCo Also under Geely ownership,
models like the Volvo EX30 were previously shipped
and may come back under the new tariff deal.
BYD rCo ChinarCOs biggest EV maker, already approved
to import vehicles into Canada and expected to aggressively
pursue the market. Popular models include the BYD Seagull,
BYD Dolphin, BYD Seal, and AttorCaseries (e.g., AttorC>3).
XPeng rCo Growing Chinese EV brand thatrCOs expanding globally;
seen as a likely entrant if dealer/service infrastructure is built.
NIO rCo Known for premium EVs and batteryrCaswap tech;
analysts list it among brands that could target Canada.
Chery (including Omoda & Jaecoo) rCo Chinese manufacturer
pushing into Western markets; likely candidate
if it pursues certification.
A comparison with other vehicles already sold in Canada
might be something like a dao that is a dao, but not always.
That 49,000 figure for Chinese electric vehicles isnrCOt big
compared with overall vehicle imports into Canada rCo just a small slice
of the total cars coming in from other countries each year.
How the Chinese EV quota stacks up
The 49,000 EVs/year quota under the new tariff deal represents
about 2rCo3rC>% of all new vehicles sold in Canada annually.
Estimates put total new vehicle sales around 1.9rC>rCorC>2.0rC>million
units per year, so 49,000 is a relatively modest number
in the bigger market picture.
Before this, China was already exporting some EVs to Canada rCo
around 41,000 Chinese EVs in a recent year before tariffs were reinstated rCo indicating the quota essentially restores previous flows under a tariff cut.
Overall vehicle imports into Canada by source (2023 figures)
Imports of cars and light vehicles into Canada come overwhelmingly
from longtime trading partners:
United States is by far the largest source,
with about 41rC>% of total vehicle import value.
Mexico supplies a significant share as well (around 13.5rC>%).
Japan makes up about 13rC>%, and South Korea about 12rC>% of motor vehicle imports.
China, by comparison, accounted for roughly 5rC>% of vehicle imports by value rCo
much smaller than the U.S., Japan, or Korea.
The key point is that Chinese cars are simply too good to pass up.
Could be like Japanese, Korean and other cars
depending on the vehicle and if repair costs
are similar. If there aren't people to work
on the vehicles, could be a different story.
He estimates that if those 49,000 vehicles
were made available without any restrictions on sell speed,
theyrCOd sell out in as little as 20 days.
Could be. As a novelty item if nothing else.
Aye has no idea how many cars are sold in Canada
during any particular season. If the vehicles are
sold during winter, they may sell slower, or not.
Selling 49,000 Chinese EVs in under a month
is very unlikely in Canada right now.
Reasons:
Market size rCo Total EV sales in Canada are about 12,500 per month,
so selling 49,000 would be nearly 4|u the usual monthly volume.
ThatrCOs a huge spike.
Dealer and service limits rCo Many Chinese EV brands
donrCOt yet have nationwide dealerships or service networks,
which slows how quickly vehicles can be delivered and registered.
Buyer awareness and adoption rCo Even with competitive pricing,
most buyers need time to research, test drive, and order a new model.
Distribution logistics rCo Vehicles have to arrive from China,
clear customs, and be delivered to dealerships rCo that takes weeks.
Realistically, even in a hot market,
the quota would likely sell out over 3rCo6 months,
not in a single month. Only a flash sale on a few
highly popular models in limited regions could move
a few thousand quickly, but not the full 49,000.
The dao of sales may vary.
Part of the deal includes commitments on affordable EVs rCo
about half of the quota by 2030 is meant to be for vehicles
priced under about CADrC>35,000.
The move comes with tariff relief on agricultural exports,
like canola seed, as part of broader trade cooperation.
He also believes many Americans will cross the border into Canada specifically to buy Chinese cars.
Not if Canadians are given priority.
If 49,000 vehicles is not a lot for Canada,
then the Americans won't be able to buy any.
Maybe some Canadians will resell their vehicles
at a higher price than they bought them for
and at a lower price than other cars
or trucks or bikes, etc.
This move has cracked open a fissure in the North American auto market.
Really?
Fifty-thousand vehicles,
compared to how many in the auto market
constitutes a fissure, could be a question.
ItrCOs roughly the same number of Chinese EVs Canada was importing
before the big tariff hike, and represents less than about 3rC>%
of CanadarCOs overall newrCavehicle market.
- ChatGPT
- thanks! Cheers!
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