Chinese EV Manufacturers BYD And Geely Storm Frankfurt Fair As EU Tariffs Threaten To Crimp Their Global EV Push: Report
Portfolio Pulse from Nabaparna Bhattacharya
Chinese EV manufacturers, including BYD and Geely, are showcasing their vehicles at the Frankfurt Automechanika fair amid looming EU tariffs. These tariffs could impact their global expansion efforts as they face trade barriers in Europe and North America.
September 11, 2024 | 4:50 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
BYD is participating in the Frankfurt fair to enhance its global presence despite potential EU tariffs that could hinder its expansion.
BYD's participation in the fair highlights its intent to expand globally. However, the looming EU tariffs could pose challenges, balancing the impact to neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Geely is actively showcasing its vehicles in Frankfurt, but faces EU tariffs up to 19.3% on its China-made EVs, which could affect its European sales.
Geely's significant sales in Europe are threatened by the EU's proposed tariffs, likely leading to a negative short-term impact on its stock due to potential sales decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80