In January, Prime Minister Mark Carney met with Chinese President Xi Jinping in Beijing and signed a tariff relief for Canadian agricultural sectors in return for allowing 49,000 Chinese EV’s into Canada at a reduced rate of 6.1 percent. Carney stressed at the time that his Country needed to learn from China’s innovative systems to build its own competitive EV sector.
One aspect of that innovation is the technology for battery swapping stations–a quicker way to recharge EVs. One beneficiary is EV maker NIO, which received a $5 billion injection from the Hefei municipal government in 2020, and is now cornering the market in battery-swapping stations — touted as a quicker way to recharge EVs. NIO now has upwards of 3,000 battery-swapping stations across China, including many along highways. While battery-swapping is an emerging competitor, traditional charging is still an expanding market. The largest provider of EV chargers in the country is TELD, which has about 900,000 terminals across China.
An advantage of welcoming Chinese EVs into Canada includes having their innovation on display and boosting EV adoption in Canada. EV drivers and environmental groups have long pushed for more choice that would spur competition and drive down prices. No Chinese companies have said they’re interested in sending their cars to Canada, there are signs some are preparing — including reports that BYD is looking at opening dealerships.
Jeffrey Newman, JD, MBA, is a whistleblower lawyer whose firm represents healthcare fraud whistleblowers and whistleblowers reporting violations of export controls, tariff evasion, money laundering, and other WB cases. Mr. Newman and his staff also represent many physician whistleblowers in healthcare fraud cases. Whistleblower laws in the U.S. allow individuals with information about export control violations or tariff fraud to report it under the False Claims Act. The Firm’s website is www.JeffNewmanLaw.com. Attorney Newman can be reached at Jeff@Jeffnewmanlaw.com or at 978-880-4758. For other blogs, see: http://JeffNewmanLaw.com
