11:24:21 EST Fri 23 Jan 2026
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Toyota CDR (CAD Hedged)
Symbol TOYM
Shares Issued 150,000
Close 2026-01-22 C$ 12.92
Market Cap C$ 1,938,000
Recent Sedar+ Documents

Globe says Tesla sees China's Chery setting up shop

2026-01-23 07:31 ET - In the News

See In the News (C-TSLA) Tesla CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that Chinese carmaker Chery Automobile is laying the groundwork to sell its electric vehicles in Canada following last week's announcement that Prime Minister Mark Carney had struck a deal with Beijing under which Canada will reduce tariffs on a limited number of Chinese-made EVs. The Globe's Matt Bubbers and Eric Atkins writes that Chery appears to be jockeying to be the first Chinese car company to sell mainstream passenger cars in Canada. Several Western automakers, including Tesla and Volvo, make cars in China, but homegrown Chinese car companies have yet to enter the Canadian market. So far, China has stuck mainly to taxis and buses, rather than mass-market passenger cars. Head-hunting recruiters, in messages seen by The Globe, are working on behalf of Chery to support its expansion into Canada. In some cases, the recruiters specifically mention Chery's subbrands Omoda and Jaecoo. The messages suggest Chery is hiring for all the key roles needed to build a Canadian sales operation from scratch. The messages also said Chery will open an office in the Toronto area and that the move is part of the company's "long-term decision to invest and grow its business in Canada."

© 2026 Canjex Publishing Ltd. All rights reserved.