News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
BYD COMPANY/ GEELY AUTO/ SAIC Motor File Challenges to EU EV Tariffs
Chinese electric vehicle (EV) makers BYD COMPANY (01211.HK), GEELY AUTO (00175.HK), and SAIC Motor (600104.SH) filed a lawsuit in the EU General Court on Tuesday (21st) to challeng...
Reset
Send
The window will close in 5 seconds
BYD COMPANY/ GEELY AUTO/ SAIC Motor File Challenges to EU EV Tariffs
Close
Recommend
8
Positive
17
Negative
9
 
 

Chinese electric vehicle (EV) makers BYD COMPANY (01211.HK)  +3.800 (+1.404%)    Short selling $223.44M; Ratio 23.385%   , GEELY AUTO (00175.HK)  +0.300 (+2.119%)    Short selling $205.21M; Ratio 32.737%   , and SAIC Motor (600104.SH)  +0.670 (+4.118%)   filed a lawsuit in the EU General Court on Tuesday (21st) to challenge the EU's imposition of additional tariffs on imported Chinese EVs, according to Reuters.

The three companies face additional tariff rates of 17%, 18.8%, and 35.3% on top of the standard 10% import tariff. They filed the lawsuit one day before the appeal deadline on Wednesday (22nd).

Related NewsCLSA: 2025 Is Start Yr of AI Monetization in CN Tech Sector; H-shr Picks BYD ELECTRONIC/ AAC TECH/ COWELL/ XIAOMI
The China Chamber of Commerce for Import and Export of Machinery and Electronic Products also filed a lawsuit on Wednesday representing Chinese EV makers to challenge the EU's decision, said the Chinese Chamber of Commerce to the EU.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-24 16:25.) (A Shares quote is delayed for at least 15 mins.)

AAStocks Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.