Nio's CEO calls Europe's possible tariffs on Chinese EVs a move against the ‘sustainable development of all humankind' [Yahoo! Finance]
GREAT WALL MOTOR CO ADR (GWLLY)
NASDAQ:AMEX Investor Relations:
gwm-global.com/investor-relations/announcement.html
Company Research
Source: Yahoo! Finance
Chinese EV manufacturers are, unsurprisingly, perturbed by the claim. Nio CEO William Li, during the company's earnings call, was the latest to question the investigation. Tariffs on new energy vehicles, a category that includes battery EVs and plug-in hybrids, goes against the "sustainable development of all humankind," Li said. The EV CEO said that Nio would adjust its strategy depending on the tariffs, and European sales were still "quite moderate" compared to the company's total sales. Other Chinese EV makers are also pivoting away from Europe. Last week, Great Wall Motor announced that it will close its European headquarters and lay off Europe-based staff. A possible flood of cheap EVs from China is spurring a protectionist backlash in Europe and the U.S., which announced a 100% tariff on Chinese EVs in mid-May. Western officials argue that Beijing is supporting industries like EVs to cover domestic economic issues, and then dumping subsidized products overseas. Beijin
Show less
Read more
Impact Snapshot
Event Time:
GWLLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GWLLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GWLLY alerts
High impacting GREAT WALL MOTOR CO ADR news events
Weekly update
A roundup of the hottest topics
GWLLY
News
- TuneIn Expands Global In-Vehicle Availability with Great Wall Motor Partnership [Yahoo! Finance]Yahoo! Finance
- Seeking a launching pad for your investment in Vietnam's electric vehicle market? [Yahoo! Finance]Yahoo! Finance
- BMW electric Mini threatened with highest EV tariff from EU, source says [Yahoo! Finance]Yahoo! Finance
- BMW electric Mini threatened with highest EV tariff from EU, source says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nio's CEO calls Europe's possible tariffs on Chinese EVs a move against the ‘sustainable development of all humankind' [Fortune]Fortune