China EV stocks sink on reports of US tariffs

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China EV stocks sink on reports of US tariffs

Investing.com-- Shares of major Chinese electric vehicle makers fell on Friday, after multiple reports said that the U.S. was preparing more tariffs against Chinese companies, specifically aimed at EVs and other key sectors.), which recently entered the EV sector with its SU7 model, fell 0.9%, while battery making giant Contemporary Amperex Technology (SZ:Reports from Bloomberg and Reuters said U.S.

Any U.S. tariffs on Chinese EV makers are widely expected to quash their plans for international expansion. But fears of cheap Chinese EVs dominating U.S. and European markets have also been a point of concern for other major automakers. Any more trade tariffs also threaten retaliatory measures from China, given that relations between the world’s two biggest economies are already frayed.

 

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