BYD’s Hong Kong-listed shares jumped as much as 9 per cent on Thursday after European tariffs on electric vehicle imports from China were lower than market forecasts.
The European Commission on Wednesday unveiled additional provisional duties of 17 to 38 per cent on EVs imported from China, on top of an existing 10 per cent tariff.
The announcement came after a months-long probe into China’s state subsidies for the sector and one month after Joe Biden imposed a 100 per cent tariff on Chinese EVs shipped to the US.
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