This week in the EV industry was nothing short of eventful.

From Foxconn unveiling a new electric vehicle to rival Tesla Inc., to BYD Co., Ltd. breaking its sales slump and Tesla potentially reaping benefits from a Canada-China EV deal, there's a lot to catch up on.

Here's a quick recap of the top stories.

Foxconn's New EV Takes On Tesla's Model Y In a bid to challenge Tesla's dominance, Foxconn recently launched the Cavira, its latest electric vehicle under the Foxtron joint venture with Yulon Group.

The Cavira boasts more interior space and an estimated range of 359 miles, outperforming the Model Y Standard Rear-Wheel Drive's 321 miles.