The European Commission Began An Investigation Wednesday To Assess Whether Tariffs Are Needed On Chinese Electric Vehicle Producers Benefiting From State Subsidies
Portfolio Pulse from Charles Gross
The European Commission has initiated an investigation to determine if tariffs are necessary on Chinese electric vehicle manufacturers that are benefiting from state subsidies. This could potentially impact Chinese EV manufacturers listed in the US, including BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), and XPeng Inc. (XPEV), as well as the iShares China Large-Cap ETF (FXI).
September 13, 2023 | 8:52 am
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NEGATIVE IMPACT
BYD Co Ltd could face potential tariffs in the European market due to the ongoing investigation by the European Commission.
As a Chinese EV manufacturer, BYD Co Ltd could be directly impacted by any tariffs imposed by the European Commission. This could potentially affect their market share and profitability in the European market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be indirectly affected by potential tariffs on Chinese EV manufacturers.
The iShares China Large-Cap ETF, which includes large Chinese companies, could be indirectly affected by any tariffs imposed on Chinese EV manufacturers. This could potentially affect the overall performance of the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Li Auto Inc. could be affected by potential tariffs in the European market due to the ongoing investigation by the European Commission.
As a Chinese EV manufacturer, Li Auto Inc. could be directly impacted by any tariffs imposed by the European Commission. This could potentially affect their market share and profitability in the European market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NIO Inc. could face potential tariffs in the European market due to the ongoing investigation by the European Commission.
As a Chinese EV manufacturer, NIO Inc. could be directly impacted by any tariffs imposed by the European Commission. This could potentially affect their market share and profitability in the European market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
XPeng Inc. could be affected by potential tariffs in the European market due to the ongoing investigation by the European Commission.
As a Chinese EV manufacturer, XPeng Inc. could be directly impacted by any tariffs imposed by the European Commission. This could potentially affect their market share and profitability in the European market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80