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This car stock would benefit from the rising EU-China trade tensions - Bernstein

September 20, 2023 9:49 AM EDT

European automotive manufacturers greatly benefited when China opened its economic doors in the 1990s. They established business models that heavily depended on a well-functioning global trade system. However, the situation has now reversed, with Chinese automotive manufacturers actively pursuing entry into the European markets.

Chinese global automotive exports by volume grew by +88% during the first half of 2023, and +121% in value terms. Electric vehicles represented 23% of exports in 2022. Chinese-made... More