XPEV - What's Going On With Chinese EV Stocks Nio Li Auto XPeng On Wednesday? | Benzinga
Brussels' decision to impose tariffs on Chinese electric vehicles will impact companies such as BYD Co (OTC:BYDDF) and SAIC, as well as Tesla Inc (NASDAQ:TSLA), which manufactures in China.
Starting next month, the European Commission plans to apply provisional duties of up to 25% on imported Chinese EVs, aiming to counteract the subsidies Chinese manufacturers receive from their government.
This measure could escalate to about 35%, significantly lower than the 100% duties applied by the U.S., the Financial Times reports.
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