HK-listed Chinese EV makers slide ahead of EU vote on tariffs; Xpeng leads decline

Wuling Motors Holdings

03/10/2024 05:23

** HK-listed Chinese EV makers slip ahead of vote on Chinese
EV tariffs; Xpeng  9868.HK  down 12.5% at HK$48.15 leads decline
    ** France, Greece, Italy and Poland will vote on Friday to
impose tariffs of up to 45% on Chinese EV imports, enough to get
EU proposal passed
    ** Volkswagen  VOWG_p.DE  urges Germany to vote against the
tariffs
    ** Xpeng set for biggest intraday pct drop since August 2023
    ** Stock set to snap four sessions of gains - second biggest
pct loser on Hang Seng China Enterprises Index  .HSCE  and
fourth biggest loser on Hang Seng Tech Index  .HSTECH , which
are down 3.6% and 5.5%, respectively
    ** NIO  9866.HK  plunges 8.7%, Li Auto  2015.HK  drops 5.9%,
Geely  0175.HK  declines 5.2%, Great Wall Motor  2333.HK  falls
4%, Leapmotor  9863.HK  eases 2.9% and BYD  1211.HK  down 2%
    ** Benchmark Hang Seng Index  .HSI  sheds 3.1%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))