BYD and Xpeng pop as EU hints at a minimum-price alternative to China EV tariffs
Shares of Chinese EV makers surged Tuesday after the European Commission outlined a plan allowing exporters to swap EU tariffs for minimum price commitments. BYD rose up to 4.8% in Hong Kong, Xpeng gained 5.3%, and SAIC Motor climbed 3.6% in Shanghai. The Commission said any price deal must match the effect of tariffs and address subsidy concerns. Beijing welcomed the proposal, calling for dialogue.