Brussels' decision to impose tariffs on Chinese electric vehicles will impact companies such as BYD Co (OTC:BYDDF) and SAIC, as well as Tesla Inc (NASDAQ:TSLA), which manufactures in China. Starting next month, the European Commission plans to apply provisional duties of up to 25% on imported Chinese EVs, aiming to counteract the subsidies Chinese manufacturers receive from their government. This measure could escalate to about 35%, significantly lower than the 100% duties applied by the U.S., t
We recently compiled a list of the 15 Biggest EV Stocks in the World in 2024 and in this article, we discuss whether NIO Inc. (NYSE:NIO) is the best EV stock to buy now. According to the Global EV Outlook 2024 by the International Energy Agency, electric car sales surged in 2023, reaching nearly 14 […]
NIO ( NYSE:NIO ) First Quarter 2024 Results Key Financial Results Revenue: CN¥9.91b (down 7.2% from 1Q 2023). Net loss...