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Market Chatter: Geely to Ship First Lotus EVs to Canada in July, Says Chinese Ambassador

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Geely Automobile Holdings' (HKG:0175) Lotus brand electric vehicles are scheduled to arrive in Canada in July, Reuters reported Friday, citing China's ambassador to Canada, Wang Di.

Brokered by Canadian Prime Minister Mark Carney and Chinese President Xi Jinping, the deal allows up to 49,000 Chinese-made EVs into Canada annually at reduced tariff rates, the report said.

Other Chinese automakers are already working with Canadian agencies to launch their own shipments soon, Wang reportedly told Reuters.

Geely and Lotus did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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