EU hits Chinese EVs with tariffs, drawing rebuke from Beijing

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China EV stocks drop on reports that EU is set to impose tariffs

June 12, 2024 7:55 AM EDT

Shares of Chinese electric vehicle stocks have fallen premarket Wednesday after Bloomberg reported that the European Union is set to impose further tariffs of as much as 38.1% on electric vehicles shipped from China as of next month.

Li Auto Inc. (NASDAQ: LI) is... More