Chinese EV Stocks Eye July 4 Deadline in European Tariff War

Shareholders of Chinese electric vehicle (EV) stocks like Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and XPeng (NYSE:XPEV) will want to mark their calendars for July 4. That is the day when provisional European Union duties between 17.4% and 38.1% on imported China-made EVs are set to become active. This would supplement an existing 10% duty on the vehicles.Provisional duties can be active for up to four months. Afterwards, the EU will decide on whether it will enact final, or definitive, duties. The EU’s deadline ...