Auto stocks were mostly lower. As of press release, Ideal Automobile-W (02015) fell 3.26% to HK$103.7; Xiaopeng Motor-W (09868) fell 1.41% to HK$31.55.
The Zhitong Finance App learned that most auto stocks were lower. As of press release, Ideal Automobile-W (02015) fell 3.26% to HK$103.7; Xiaopeng Motor-W (09868) fell 1.41% to HK$31.55; and Great Wall Motor (02333) fell 1.13% to HK$12.24.
According to the news, there are reports that people familiar with the matter revealed that the Biden administration is preparing to announce tariff measures for key strategic industries in China as early as next week, and will impose new, targeted tariffs on industries including electric vehicles, batteries, and solar energy equipment. People familiar with the matter said that the decision was the result of an evaluation and review of the tariff policy against China during Trump's administration.