BYD Company (OTC:BYDDY) outsold Tesla Inc (NASDAQ:TSLA) in Europe for the second straight month in February, registering 17,954 vehicles to Tesla’s 17,664.
Year-to-date, BYD leads by more than 10,000 units and is up 162% year-over-year. Tesla is essentially flat.
Now BYD is coming for Canada.
Canada Is Next
BYD is planning 20 branded dealerships in Canada within its first year, after Canada slashed its 100% tariff on Chinese-built EVs to 6.1% in January.
Three locations in the Greater Toronto Area are already under discussion, with Vancouver, Montreal, and Calgary next.
Tesla’s Canadian sales collapsed more than 60% in 2025 to roughly 18,000 units.
General Motors (NYSE:GM) overtook Tesla as Canada’s top-selling EV brand. BYD enters a market where the dominant player is wounded and affordable EVs are scarce.
Tesla has announced steep prices increases for its …
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