Chinese EV makers slapped with ‘countervailing’ EU tariffs (XPEV)
2024-07-05
Chinese EV stocks are trading defensively Friday after the European Union hit all battery electric vehicles imported from China with steep tariffs effective immediately. The action — though expected — rattled shares of XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI), NIO (NYSE:NIO) and BYD (BYDDF, BYDDY), and reverberated through stocks of non-ChinaContinue Reading