Chinese EV makers continue aggressive push into Europe under growing threat of tariffs
Publishing timestamp: 2024-05-24 09:01:42
Summary
Chinese electric carmakers like Nio and Xpeng are expanding into Europe despite the possibility of high tariffs on vehicles from China. The European Union is investigating subsidies given to Chinese EV makers, which could result in tariffs. This comes as Chinese EV industry booms thanks to government support, raising concerns among politicians in Europe and the U.S. Musk has expressed surprise and disapproval of tariffs on Chinese electric vehicles.
Sentiment: MIXED
Tickers: 9866-HK, ZE594-CN, BRK.A, TSLA, 9868-HK, XPEV, GOOGL, NIO,
Keywords: paris, byd co ltd, china, autos, xpeng inc, electric vehicles, nio inc, transportation, technology, tesla inc, business news, france,
Source: https://www.cnbc.com/2024/05/24/chinese-ev-makers-continue-push-into-europe-amid-tariff-threat.html