Canada EV tariffs

China EV Boom: Chip Integration & Canada Trade Wins

China's EV sector scores dual wins: Navitas and Inovance mass-produce integrated chips slashing drive system sizes by up to 50%, while Canada opens a 49,000-unit annual quota at 6.1% tariffs for Chinese EVs, ending 100% penalties. These advances boost efficiency, safety, and global market access amid trade tensions. Expect faster, cheaper EVs from leaders like BYD and NIO.