Shares of Chinese EV stocks are trading lower after it was reported the EU will impose additional tariffs.
Portfolio Pulse from Benzinga Newsdesk
Shares of Chinese EV stocks are trading lower after it was reported the EU will impose additional tariffs.
June 12, 2024 | 12:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Li Auto's shares are trading lower following news that the EU will impose additional tariffs on Chinese EVs.
The imposition of additional tariffs by the EU on Chinese EVs is likely to increase costs and reduce competitiveness for Li Auto in the European market, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NIO's shares are trading lower following news that the EU will impose additional tariffs on Chinese EVs.
The imposition of additional tariffs by the EU on Chinese EVs is likely to increase costs and reduce competitiveness for NIO in the European market, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80