US Stock Market Move | Accelerate the layout of the Canadian electric vehicle market, Lotus (LOT.US) rose more than 14% against the market trend.

On Tuesday, Lotus (LOT.US) showed strength against the market trend, with the stock rising over 14% to $1.33 as of the time of writing. On the news front, after Canada significantly reduced the import tariff on Chinese electric vehicles from 100% to 6.1%, Geely has become one of the first Chinese car companies to successfully land their vehicles in Canada. It is expected that Shanxi Guoxin Energy Corporation's automobile sector may find a new breakthrough in the North American market. Reports indicate that Geely's subsidiary, the electric vehicle brand Lotus, has shipped 18 Eletre high-end pure electric SUVs to Canada. At the same time, Eletre has officially passed the Canadian motor vehicle safety standards certification. Lotus has already opened 6 franchise dealers in Canada in March of this year and plans to add another 6 dealers by the end of the year. It is worth noting that the vehicles arriving in Canada this time are the first batch of Lotus models to be shipped since the signing of the trade agreement in January. With Canada's significant reduction in import tariffs, the local price of Eletre has dropped by around 50%, significantly improving its market competitiveness.