China EV Stocks Rise on Bets Tariffs Are Manageable: Street Wrap
- BYD gains as it’s expected to be less affected than peers
- SAIC may be hurt more than competitors, analysts say
BYD’s Hong Kong-listed shares added as much as 8.8%, the most since January 2023.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Chinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd.
BYD’s Hong Kong-listed shares added as much as 8.8%, the most since January 2023, more than making up a drop Wednesday before the decision. Peers Geely Automobile Holdings Ltd. and Zhejiang Leapmotor Technology Co. advanced more than 4%.