Lotus Eletre debuts at $119K as Canada's Chinese EV retail era begins
Luxury automaker Lotus, a Geely brand, has entered Canada's retail auto market with the Eletre SUV, priced from $119,000 to $159,000, offering high margins for dealerships. The vehicle, which arrived under a new 49,000-unit annual import quota and 6.1% tariff, signals growing consumer interest in premium Chinese EVs. Retailers should monitor pre-order trends and the potential for more affordable models to disrupt the market.
Source: cp24.com · bnnbloomberg.ca