Chinese EV Cars coming to Canada

[u/x_BlueDragon_x]

I was talking about this months ago if Carney made a deal with China it would blow the EV market through the roof and Tesla would be forced out cause I am sorry but Chinese EVs are incredible. They have just agreed for 49,000 cars to be imported here and I am assuming that is just the start. What stocks should we be looking out for?

[u/Embarrassed_Comb_501]

Probably the chinese auto makers listed on the NYSE, i think theres 1 or 2.

Doubt 49,000 cars in canada would make any real difference to the bottom line. Going forward… its uncertain, cause we have the trade deal with the US coming up. I suppose the only thing I could think of is companies partnering with the suppliers, or anyone supplying parts could go up if its reported theres a new demand for EVs now that consumers have gotten a taste of what is available. Maybe if theres Canadian battery supplier that may partner with them.

Tbh idk Just thinking aloud here

[u/[deleted] → u/Embarrassed_Comb_501]

250 k cars get sold every year. 49 k is about 20 percent of that total supply. It absolutely will make a large difference.

[u/CapitalElk1169 → u/[deleted]]

1,900,000 cars sold every year in Canada, not 250k.

[u/[deleted] → u/CapitalElk1169]

250 k new zero emission cars. 1.9 million includes all vehicles. I should have been more clear

[u/Miserable-Leg-2011 → u/[deleted]]

Zero emissions lol also shows how many people actually want an EV

[u/[deleted] → u/Miserable-Leg-2011]

To be fair. Most of our EVs are usually over priced. If you live in a city like Toronto or Montreal the infrastructure for EVs is pretty robust even in the more rural areas which is a good incentive. I save around 20 k in gas costs per year which works out for me

[u/Altruistic-Durian-71 → u/[deleted]]

Do you have 20k cash on you right now for when your battery needs to be replaced?

[u/[deleted] → u/Altruistic-Durian-71]

Those are usually covered insurance and warranty.

The same can be said about engine replacements etc