Etiqueta: Leapmotor

To counteract market dumping, the European Union will slap tariffs of up to 38% on electric vehicles from China. This puts additional strain on China’s EV manufacturers, which already face poor sales in Europe.

We recently compiled a list of the 15 Biggest EV Stocks in the World in 2024 and in this article, we discuss whether Zhejiang Leapmotor Technology Co., Ltd. (HKSE:9863) is the largest EV company globally in 2024. According to the Global EV Outlook 2024 by the International Energy Agency, electric car sales surged in 2023, reaching […]

BYD is building it first plant in Hungary, while Leapmotor will use a Stellantis factory in Poland, as Chery eyes production in Spain and possibly Italy; Great Wall, SAIC and Dongfeng are also assessing opportunities

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. Manufacturing costs for Chinese EV makers including BYD, Chery Automobile and state-owned SAIC Motor are much lower at home but they are nonetheless keen to set up in Europe to build their brands and save on shipping and potential tariffs, said Gianluca Di Loreto, a partner at consultancy firm Bain & Company.

As global markets navigate through a landscape marked by fluctuating inflation rates and cautious monetary policies, Hong Kong's market dynamics offer unique opportunities for investors. In this context, companies with high insider ownership can be particularly compelling, as they often signal strong confidence from those closest to the business in its growth prospects and governance.