Hong Kong stocks decline as EU tariffs slam Chinese EVs; Geely, Li Auto main drags [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
electric cars slammed the brakes on a sector which is seeking new markets in the back drop of a bruising price war at home. The Hang Seng Index fell 1.3 per cent to 17,799.61 on Friday, while the Tech Index weakened 1.5 per cent. The Shanghai Composite Index declined 0.3 per cent and struck a five-month low. Geely Auto tumbled 3.1 per cent to HK$8.43, and BYD dropped as much as 1.5 per cent before clawing back losses to end flat. The European Union raised tariffs on the two companies by 19.9 and 17.4 per cent respectively, in addition to the 10 per cent duty already in place for all electric cars imported from China. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Li Auto lost 1.9 per cent to HK$79.25, Xpeng tumbled 3 per cent to HK$30.40 and Nio dropped 0.8 per cent to HK$37.30, as
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News
- Li Auto Inc. Sponsored ADR (LI) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Li Auto Inc. (NASDAQ: LI) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $33.00 price target on the stock, up previously from $25.00.MarketBeat
- Headwinds For Li Auto Despite Strong Deliveries [Forbes]Forbes
- EU Set to Vote on Tariffs Targeting Electric Vehicles From China [Yahoo! Finance]Yahoo! Finance
- ‘European carmakers face innovation crisis amid Chinese advancements' [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 10/1/24 - Form 6-K
- 9/6/24 - Form 6-K
- 9/6/24 - Form 6-K
- LI's page on the SEC website