18:57:34 EDT Thu 19 Mar 2026
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Honda CDR (CAD Hedged)
Symbol HNDA
Shares Issued 70,000
Close 2026-03-18 C$ 9.37
Market Cap C$ 655,900
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Globe says Ford, rivals see Chinese EVs as a threat

2026-03-19 08:24 ET - In the News

See In the News (C-F) Ford CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that electric carmaker BYD is looking at opening dealerships in the Greater Toronto Area, positioning itself to be among the first Chinese automakers to sell in Canada under Prime Minister Mark Carney's move to allow in 49,000 of the country's EVs. The Globe's Eric Atkins writes that Farid Ahmad at Dealer Solutions Mergers & Acquisitions in Markham, Ont., said his consultancy is in talks with three locations for possible BYD dealerships. BYD wants to establish 20 outlets within a year, starting in the Toronto area, followed by Vancouver, Montreal and Calgary, he said. "They've asked us to help them find as many of the 20 that they possibly can, but they're out there doing that themselves, as well," Mr. Ahmad told The Globe. "We have been engaged with a number of Chinese manufacturers that are looking to establish their dealer network here in Canada." China's Chery Automobile Co. is also set to join the Canadian market, he said. Publicly traded BYD last year became the world's top-selling maker of electric cars. The domestic auto industry sees Chinese EVs as threats, given their often lower prices, cheaper labour and -- in some cases -- state ownership.

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