Shares of Chinese EV stocks are trading lower on reports the EU is expected to unveil tariffs this week.
Portfolio Pulse from Benzinga Newsdesk
Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower due to reports that the EU is expected to unveil tariffs this week.
June 11, 2024 | 6:09 pm
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NEGATIVE IMPACT
Li Auto (LI) shares are trading lower due to reports that the EU is expected to unveil tariffs this week, which could impact the company's sales and profitability in the European market.
The introduction of EU tariffs could increase costs for Li Auto, making their vehicles less competitive in the European market and potentially reducing sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NIO shares are trading lower on news that the EU is expected to unveil tariffs this week, which could negatively impact the company's market presence and profitability in Europe.
EU tariffs could lead to higher costs for NIO, reducing their competitiveness and potentially lowering sales in the European market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
XPeng (XPEV) shares are trading lower following reports that the EU is expected to unveil tariffs this week, which could affect the company's sales and profitability in Europe.
The expected EU tariffs could increase costs for XPeng, making their vehicles less competitive in Europe and potentially reducing sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80