XPEV - Senator Calls For Ban On Chinese EVs: What's Going On With XPeng Stock? | Benzinga
XPeng, Inc. (NYSE:XPEV) shares are trading lower Friday after Ohio Senator Sherrod Brown called for a permanent ban on imports of China-made EVs into the United States.
The Details:
Senator Brown sent a letter on Thursday to President Biden, urging him to ban the sale of Chinese EVs in the U.S. and to " work with our allies to address these concerns in a wholistic manner that supports American jobs and innovation."
"Chinese electric vehicles (EVs) threaten our economic and national security, and the entire American auto industry," Senator Brown stated in the letter.
The Senator's letter comes on the heels of Treasury Secretary Janet Yellen's meetings with Chinese government officials to discuss the country's trade practices, including ...