0730 GMT - Chinese electric-vehicle stocks could get a boost if the EU decides to reverse the tariff applied on Chinese EV imports, Daiwa analyst Kelvin Lau writes in a note. China and the EU are reportedly nearing an agreement to eliminate tariffs on Chinese EVs, according to media reports, he adds. The potential policy shift would be a boost for the Chinese EV supply chain, he says. SAIC Motor stands to benefit the most due to the company's currently highest level of tariffs, Lau adds. Daiwa sees the most share-price upside for Geely Automobile due to its overseas expansion in Europe. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
November 26, 2024 02:30 ET (07:30 GMT)
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