Geely enters Canadian market, plans first vehicle sales in 2027 (updated)
UPDATE 1-Geely enters Canadian market, plans first vehicle sales in 2027 Updates throughout
Oct 9 (Reuters) - Chinese automaker Geely Auto 0175.HK said on Friday it has entered the Canadian market and plans to introduce its first vehicles to consumers in 2027.
The company has started to establish local operations and develop a retail and service network, it said in a statement
Geely, which sells cars under the Geely Auto, Zeekr and Lynk & Co brands, sold just over 3 million cars last year
Aside from Geely, Chinese automakers BYD 002594.SZ and Chery 9973.HK are also targeting Canada
For Chinese car companies, which are effectively locked out of the United States, Canada is seen as an ideal launching pad for the time when the US market eventually opens up
Canada represents an "important next step" in Geely's international growth, Bryan Wu, MD of Geely Auto Canada, said in a statement
Details of vehicles, pricing and retail locations would be announced later, Geely said
(Reporting by David Dolan and Qiaoyi Li, Editing by Louise Heavens)
((david.dolan@thomsonreuters.com;))
Recent news on BYD
See all newsEurope car sales rise 10% in September as EV surge offsets combustion slump
China's CATL third-quarter profit growth slowest in nearly two years as competition intensifies (updated)
Insight: Volkswagen bet on Xpeng to save its China business. It's not going to plan
Insight: Volkswagen bet on Xpeng to save its China business. It's not going to plan
Chinese automakers make tech-led pitch for Europe's premium car market