What's Going On With Chinese EV Stocks Like Nio, XPeng, Li Auto, Lucid Motors On Wednesday?

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What's Going On With Chinese EV Stocks Like Nio, XPeng, Li Auto, Lucid Motors On Wednesday? - Benzinga

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Also Read: Chinese Luxury EV Company Zeekr Clocks 100% Growth in Q2 Deliveries, Margin Boost Amid Domestic Price War, Tariffs

Interestingly, the EU slashed import duties on major electric automakers, including Tesla Inc (NASDAQ:TSLA) and China’s BYD Co (OTC:BYDDF), SAIC Motor Corp, and Geely Automobile Holdings (OTC:GELYF).

Chinese electric vehicle stocks soared after China slammed the European Union import tariffs on the EV industry and assured support for the industry.