Shares of Li Auto, a leading Chinese electric vehicle (EV) manufacturer, plummeted by 8.07% on Wednesday, October 3, 2024, amid concerns over potential tariffs on Chinese EV imports by the European Union (EU).
The steep decline came as France, Greece, Italy, and Poland are set to vote on Friday to impose tariffs of up to 45% on Chinese EV imports. If approved, the proposal would clear the way for the EU to implement these tariffs, dealing a significant blow to Chinese EV makers that have been expanding their presence in the European market.
Li Auto was not alone in facing the market's wrath. Other Hong Kong-listed Chinese EV manufacturers, such as Xpeng, NIO, Geely, Great Wall Motor, Leapmotor, and BYD, also experienced substantial share price declines. Xpeng saw the most significant drop of 12.5%, while NIO's stock plunged by 8.7%.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。