China 'does not agree or accept' the EU's EV tariffs, says negotiations are still ongoing
Publishing timestamp: 2024-10-30 02:44:23
Summary
China is not accepting the extra tariffs imposed by the EU on Chinese electric vehicles, ranging from 7.8% to 35.3%. China has filed a lawsuit with the WTO and is hoping to negotiate with the EU to avoid escalating trade frictions. Shares of Chinese EV makers were mostly lower in response to the news.
Sentiment: MIXED
Tickers: 9868-HK, 1211-HK, 104-SZ, TSLA, 9866-HK,
Keywords: trade, tesla inc, nio inc, business news, saic motor corp ltd, xpeng inc, renewable energy, byd co ltd,