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The EU slapped massive tariff hikes on China's EV giants. Investors don't seem to care.
BYD will be subject to an additional 17.4% in duties, while Geely will pay an extra 20%. State-backed SAIC will be subject to additional levies of 38.1%. On Thursday — less than a day after EC ...
EconoTimes1d
BYD’s Smart Driving Push Sparks Price War Concerns, Pressures Rivals Xpeng and Geely
Shares of Chinese EV makers Xpeng (NYSE:XPEV) and Geely Auto (HK:0175) plummeted on Tuesday, down 5.9% and 7.2%, respectively ...
Paul Tan15d
Tesla and BMW join Chinese carmakers BYD, Geely and SAIC in taking EU to court over EV tariffs
Automakers are pushing back against the application of the tariffs imposed by the European Union on Chinese-built electric vehicles, which came into effect in late October year. Not surprisingly, the ...