"NIO, XPEV, LI, BYD.. China's Quads Message Board

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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.07

-0.2%

Dec 19 3:48 PM EST

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From: kidl	6/12/2024 8:15:44 AM
	1 Recommendation Read Replies (2) of 2786

EV tariffs The European Commission will provisionally impose additional tariffs of up to 38.1% on Chinese electric vehicle imports starting July, which could set off a global trade war as Beijing has warned of retaliation. The decision follows the EU's anti-subsidy investigation into Chinese EVs that looked into whether extra tariffs were warranted. BYD ( OTCPK:BYDDF) vehicles will see 17.4% additional tariffs, Geely ( OTCPK:GELYF) 20% and SAIC Motor 38.1%. Tesla ( TSLA) may be subject to an individually calculated duty rate, the commission noted. The new tariffs would be in addition to the bloc's existing 10% duties on Chinese EVs, but are still lower than the 100% duties imposed by the U.S. ( 7 comments)

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