Market Chatter: BYD Slams EU Tariffs Amid Plans to Boost European Production

MT Newswires Live
2024-10-16

BYD (HKG:1211, SHE:002594) criticized the European Union's proposed tariffs on Chinese-made electric vehicles, saying it will affect costs, Reuters reported Monday.

"Politicians should stay away from tariffs, adding more cost to auto manufacturing and confusing the auto industry," Reuters reported, citing Executive Vice President Stella Li.

BYD also said it will produce car parts in Europe to help stave off the effects of the tariffs, according to Reuters.

The electric vehicle manufacturer plans to produce the cars and battery packs in Hungary and Turkey. Only the battery cells will be imported from China, the report said, citing Li.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $270.60, Change: $-5.0, Percent Change: -1.81%

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10