-- Chinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd.BYD’s Hong Kong-listed shares added as much as 8.8%, the most since January 2023, more than making up a drop Wednesday before the decision. Peers Geely Automobile Holdings Ltd. and Zhejiang Leapmotor Technology Co. advanced more than 4%.
Given the latest tariffs target mostly BEVs, expect a higher influx of China-made plug-in hybrid EVs into Europe, which could bode well for brands like BYD, Lynk and Volvo The share prices of the relevant Chinese stocks could be weak despite most having very limited revenue or earnings exposure to EuropeWith a 27.4% EU tariff from July, BYD’s per unit EU profit could still be around 1.5 times higher than the same car sold in China, though less than previouslyThis 8.1% Dividend Stock Pays Cash Every Month
Source: News Formal (newsformal.com)
Tariff Rate China Zhejiang Leapmotor Technology Co.
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