EU to investigate 'flood' of Chinese electric cars, weigh tariffs
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Morgan Stanley Positive on NIO (NIO); 'Putting the final piece of NT2.0 upgrade into place'
September 15, 2023 11:00 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.70 price target on NIO (NYSE: NIO)
The analyst comments "On Sep 15, NIO officially showcased NT2.0 EC6 with a starting price of Rmb358k (with 75kWh battery) vs. the old version's Rmb396k, largely in... More
Watch these three China EV stocks as EU probe takes shape
September 14, 2023 9:52 AM EDTThe European Union announced this week that they have opened an investigation into subsidies for China EVs, with European Commission President Ursula von der Leyen accusing China of flooding global markets with electric cars with artificially low prices due to huge state subsidies.
Hong Kong-listed shares of market leader BYD fell more than 3% on the news. Shares of Nio (NYSE: NIO) traded down more than 4% on the NYSE, Wednesday, with XPeng (NYSE:... More
China EVs sink as EU launches probe into subsidies
September 13, 2023 9:34 AM EDTShares of Chinese electric vehicle manufacturers Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and XPeng (NYSE: XPEV) experienced a decline in early trading Wednesday morning following a Bloomberg report that the European Union has initiated an inquiry into Chinese electric vehicle subsidies.
The European Commission president said that Brussels will launch an anti-subsidy... More
