Shares of China EV Makers Lower Premarket Following Report Of Possible EU Tariffs
Portfolio Pulse from Charles Gross
Shares of Chinese electric vehicle (EV) manufacturers are trading lower in the premarket following reports of potential tariffs by the European Union (EU). The companies mentioned include BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), and XPeng Inc. (XPEV).
September 13, 2023 | 8:54 am
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NEGATIVE IMPACT
BYD Co Ltd's shares are expected to be negatively impacted by the potential EU tariffs.
As BYD Co Ltd exports its EVs to the EU, any potential tariffs would increase the cost of its vehicles in the EU market, potentially reducing demand and negatively impacting its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Li Auto Inc.'s shares are expected to be negatively impacted by the potential EU tariffs.
As Li Auto Inc exports its EVs to the EU, any potential tariffs would increase the cost of its vehicles in the EU market, potentially reducing demand and negatively impacting its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NIO Inc.'s shares are expected to be negatively impacted by the potential EU tariffs.
As NIO Inc exports its EVs to the EU, any potential tariffs would increase the cost of its vehicles in the EU market, potentially reducing demand and negatively impacting its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
XPeng Inc.'s shares are expected to be negatively impacted by the potential EU tariffs.
As XPeng Inc exports its EVs to the EU, any potential tariffs would increase the cost of its vehicles in the EU market, potentially reducing demand and negatively impacting its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100