Etiqueta: Tariffs

Chinese carmakers, especially BYD, have been expanding globally, driven by an electric-vehicle price war at home that has reduced prices and impacted profit margins.

Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour even as the country's top auto exporter said the duties would not derail its expansion plans for Europe, including making EVs in Spain this year.

Shares of Chinese electric vehicle (EV) maker BYD Company (OTCMKTS:BYDDY) rallied on Thursday as investors cheered lower-than-anticipated additional tariffs imposed...

BYD doesn't seem fazed by the European Union's new tariffs on Chinese electric vehicle (EV) imports.

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.

After months of investigation, the European Union (EU) has announced provisional tariffs on electric vehicles (EV) imported from China, because of what it sees as Beijing’s unfair support for companies that undercut European carmakers.

The latest investor updates on stocks that are trending on Thursday.

BYD, the Chinese electric vehicle maker can manage the European Union’s additional tariffs on EVs from China—and may grab market share from more severely affected rivals.