EU’s China EV price-floor plan lifts BYD and Xpeng — tariff fight may be shifting
Shares of BYD rose 4.8%, Xpeng 5.3%, and SAIC 3.6% in Hong Kong after the European Commission signaled it may require minimum prices on China-made electric vehicles instead of tariffs. The proposed rules would apply to both Chinese and foreign brands producing in China. Chinese hybrid imports to the EU rose fivefold in the first nine months of 2025. The Commission is reviewing Volkswagen’s offer for its China-made Cupra Tavascan.