BYD and Xpeng pop as EU hints at a minimum-price alternative to China EV tariffs
Shares of Chinese electric-vehicle makers rose in Tuesday trading after the European Commission mapped out a route that could let exporters swap EU tariffs for minimum price commitments. BYD climbed as much as 4.8% in Hong Kong, Xpeng gained 5.3% and SAIC Motor’s Shanghai-listed shares rose as much as 3.6%.
