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<Research>Daiwa: EU Approves Min. Import Prices for CN Automakers; BYD, Geely to Benefit
Recommend 22 Positive 47 Negative 10 |
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The European Union issued a pricing commitment guidance document to Chinese exporters, allowing eligible automakers to replace existing high tariffs with minimum import prices. Daiwa believed this move is slightly positive for companies not engaged in low-price competition in Europe, such as BYD COMPANY (01211.HK) and GEELY AUTO (00175.HK). The broker expected that automakers like BYD and Geely, which have already executed well in European sales, will benefit the most directly. They are likely to enjoy higher margins while maintaining current selling prices. AASTOCKS Financial News Website: www.aastocks.com |
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