Particle.news

Download on the App Store

EU Imposes New Tariffs on Chinese EVs, Investors Remain Upbeat

The European Union's tariff hikes on Chinese electric vehicles prompt a mixed market response and potential trade tensions.

  • The EU will impose tariffs up to 38.1% on Chinese EV imports starting next month.
  • BYD, Geely, and SAIC are the primary targets, with varying tariff rates.
  • Despite the announcement, shares of most Chinese EV makers rose, with BYD surging up to 8.8%.
  • China has threatened to file a WTO suit and consider retaliatory measures.
  • Analysts suggest that the impact on BYD will be minimal compared to other Chinese automakers.
Hero image