EU Tariff Relief? BYD, Xpeng Shares Jump on Plan to Swap Chinese EV Duties for Minimum Prices
Hong Kong, Jan 14, 2026, 15:39 HKT Shares of BYD and other Chinese EV makers surged Tuesday following a European Commission hint that import tariffs might be swapped for a minimum-price mechanism. BYD jumped as much as 4.8% in Hong Kong, Xpeng climbed 5.3%, and SAIC Motor’s Shanghai-listed shares rose up to 3.6%. (Bloomberg.com) This development is significant since the EU’s tariffs on China-made EVs are at the heart of Brussels’ toughest trade battle with Beijing. European automakers, facing competition from lower-priced Chinese models gaining ground, have been demanding clear answers. Now, the discussions seem to be edging toward a