Auto stocks declined at the beginning of the market. As of press release, Xiaopeng Motor-W (09868) fell 3.76% to HK$33.3; Great Wall Motor (02333) fell 1.82% to HK$10.8.
The Zhitong Finance App learned that auto stocks declined at the beginning of the market. As of press release, Xiaopeng Automobile-W (09868) fell 3.76% to HK$33.3; Great Wall Motor (02333) fell 1.82% to HK$10.8; and Ideal Automobile-W (02015) fell 1.01% to HK$73.7.
According to the news, according to reports, the European Commission said on Thursday that it had received the EU's minimum import offers from Chinese electric vehicle manufacturers to avoid tariffs, but all of them have been rejected. The European Commission said that several electric vehicle exporters have submitted price promises — exporters promised to abide by minimum import prices to offset subsidies. The European Commission is conducting a countervailing investigation against electric vehicles made in China. Also, the Minister of Commerce will visit Europe to discuss the EU's anti-subsidy case against China for electric vehicles.
