Financial Times Reported Earlier: The European Commission Will Notify Car Makers On Wednesday Of Additional Duties Of Up To 25% On Imported Chinese Electric Vehicles Beginning Next Month
Portfolio Pulse from Benzinga Newsdesk
The European Commission will impose additional duties of up to 25% on imported Chinese electric vehicles starting next month. This move could impact several car makers and ETFs with exposure to the Chinese EV market.
June 12, 2024 | 9:33 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could see indirect impacts from the new duties on Chinese EV imports, affecting European automakers' competitive landscape.
VGK holds positions in European automakers, which may benefit from reduced competition from Chinese EV imports due to the new duties.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
BYD's European sales could be negatively impacted by the new 25% duties on Chinese EV imports.
BYD, a major Chinese EV manufacturer, will face higher costs and potential sales decline in Europe due to the new duties.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by the new duties on Chinese EV imports, affecting its holdings in Chinese EV manufacturers.
FXI holds significant positions in Chinese EV manufacturers, which will face higher costs and potential sales declines in Europe due to the new duties.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Li Auto's potential entry into the European market could be affected by the new 25% duties on Chinese EV imports.
Li Auto, which may have plans to enter the European market, will face higher costs and potential barriers due to the new duties.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NIO's European sales could be negatively impacted by the new 25% duties on Chinese EV imports.
NIO, a Chinese EV manufacturer, will face higher costs and potential sales decline in Europe due to the new duties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tesla may face increased costs and reduced competitiveness in the European market due to the new duties on Chinese EV imports.
Tesla imports some of its vehicles from China to Europe. The new duties will likely increase costs and reduce its price competitiveness in the European market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
XPeng's European market expansion could be hindered by the new 25% duties on Chinese EV imports.
XPeng, another Chinese EV manufacturer, will face increased costs and potential challenges in expanding its market share in Europe due to the new duties.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85