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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting improving trade relations between China and Canada, Geely's Lotus EVs will arrive in Canada in July under an agreement between Prime Minister Mark Carney and President Xi Jinping, China's ambassador to Canada said. The shipment marks the first major entry of a Chinese EV brand into Canada amid shifting geopolitical dynamics.
Canada's inflation rate rose to 3.2% year-on-year in May, exceeding forecasts, which could influence consumer spending on big-ticket items like EVs, per market data. Geely's stock (0175.HK) closed at HKD 17.22 on June 25, with a daily range of HKD 17.03–17.62. The pact signals a potential thaw in bilateral trade relations, although Bank of Canada Governor Macklem flagged inflation concerns in a recent speech.
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Sign InInvestors will watch Geely's upcoming quarterly results for guidance on its EV export strategy and Lotus's performance. The current stock level near HKD 17.22 represents a key support zone based on the recent low of HKD 17.03. Any additional clarity on Canada-China trade terms or Lotus's delivery schedule could drive the next move in the stock.