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European auto stocks fall on uncertainty over China’s tariff response

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MILAN (Reuters) -Shares of some of Europe's biggest carmakers fell further on Thursday on uncertainty over how China might respond to the EU's new tariffs on imported Chinese electric vehicles to combat what Brussels sees as excessive subsidies from Beijing. "The risk is that China could also take action that would particularly hit the German OEMs who are exporting to China," said Stifel analyst Daniel Schwarz in Frankfurt. Some investors, however, expect a balanced response from Beijing as Chinese carmakers will still be able to export to Europe, albeit at lower margins.
EU implements tariffs on Chinese electric vehicles

EU implements tariffs on Chinese electric vehicles

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The European Commission made a significant announcement on Wednesday, revealing its intention to levy additional duties on imported Chinese electric vehicles, a move that could potentially ignite tensions with China. These tariffs, slated to take effect next month, could reach as high as 38.1%, depending on the manufacturer. According to the company breakdown provided by the Commission, the provisional tariffs are as follows: - BYD (17.4%) This includes various entities under BYD, such as BYD Auto Co Ltd and Changsha BYD Auto Co Ltd.

Europe prepares for China retaliation after EU imposes EV tariffs

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As retaliation for the EU’s tariffs on Chinese electric vehicles, China could potentially slap duties on things like European pork and dairy products, as well as brandy and luxury goods.

EU to hit Chinese electric vehicles with increased tariffs

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The European Commission said it would impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from the current level of 10%

The European Union moves to hike tariffs on Chinese electric car...

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BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is h…
What Falling Sales? Global EV Sales Grow 25% in April! - CleanTechnica

What Falling Sales? Global EV Sales Grow 25% in April! –...

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Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! EVs Now 18% of World Auto Sales Global plugin vehicle registrations were up 25% in April 2024 compared to April 2023. There were 1.2 million registrations. BEVs were up by 14% YoY, while plugin ... [continued]

Tesla plans a Model Y revamp at its Shanghai factory, according...

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Rumors of a refreshed Tesla Model Y have been percolating for months, but electric vehicle buyers may finally have that option later next year.According...

The Zacks Analyst Blog Highlights BYD, XPeng, NIO, BMW and Volkswagen

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For Immediate ReleaseChicago, IL – May 31, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks...

Audi furthers EV push into China with new platform agreement

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Volkswagen’s (VWAGY) Audi is pushing deeper into the Chinese market as US rivals like GM (GM) and Ford (F) look to minimize losses in...
BYD to launch new premium EV in H2, aims to rival BMW 5-series, Audi A8 · TechNode

BYD to launch new premium EV in H2, aims to rival...

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BYD on Thursday revealed plans to launch an electric shooting brake in July or August that will compete against luxurious offerings from German majors