EU Tariff Relief? BYD, Xpeng Shares Jump on Plan to Swap Chinese EV Duties for Minimum Prices
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%.
