European carmakers rise after some Nexperia chips to be exempt from China ban

Porsche Automobil Holding SE

03/11/2025 09:18

** Shares of European carmakers rise on Monday after China on Saturday said it will consider exemptions for chip exports affected by the Dutch government's seizure of chipmaker Nexperia

** Nexperia said on Sunday it welcomed recent statements by the U.S. and Chinese governments removing barriers to the company shipping its chips

** "The comments (about supply chain from Nexperia) ... are reassuring investors that things are returning to normal for the sector," Stephane Ekolo, strategist at Tradition says

** European automobiles and parts index .SXAP is up around 2% at 0910 GMT

** Volkswagen VOWG.DE, Mercedes-Benz MBGn.DE, Renault RENA.PA, Stellantis STLAM.MI, BMW BMWG.DE and Porsche PSHG_p.DE are up between around 1.7% and 3.5%

** A standoff between the Netherlands and China over Nexperia has sparked a near crisis for global carmakers, with the autos index slipping 0.6% last week

** Still, Jefferies analysts said in a note on Sunday that it is too early to assume the Nexperia risk is settled

 (Reporting by Marleen Kaesebier, Danilo Masoni)

 ((marleen.kaesebier@thomsonreuters.com))