XPeng Inc. (NYSE:XPEV) shares are trading lower in the premarket session on Friday.
This downturn is likely happening in the context of a recently confirmed US-China trade deal, which maintains a 55% tariff on selected Chinese imports into the U.S., while China will apply a 10% tariff on U.S. goods.
The broader market for Chinese EV stocks also saw a dip, with competitors like NIO Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI) also trading lower.
Also Read: Chinese Antitrust Regulator Delays $35 Billion US Chip Merger Amid Trade Tensions: Report
In an announcement making a …
Full story available on Benzinga.com
XPeng Inc. (NYSE:XPEV) shares are trading lower in the premarket session on Friday.
This downturn is likely happening in the context of a recently confirmed US-China trade deal, which maintains a 55% tariff on selected Chinese imports into the U.S., while China will apply a 10% tariff on U.S. goods.
The broader market for Chinese EV stocks also saw a dip, with competitors like NIO Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI) also trading lower.
Also Read: Chinese Antitrust Regulator Delays $35 Billion US Chip Merger Amid Trade Tensions: Report
In an announcement making a …
Full story available on Benzinga.com
XPeng Inc. (NYSE:XPEV) shares are trading lower in the premarket session on Friday.
This downturn is likely happening in the context of a recently confirmed US-China trade deal, which maintains a 55% tariff on selected Chinese imports into the U.S., while China will apply a 10% tariff on U.S. goods.
The broader market for Chinese EV stocks also saw a dip, with competitors like NIO Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI) also trading lower.
Also Read: Chinese Antitrust Regulator Delays $35 Billion US Chip Merger Amid Trade Tensions: Report
In an announcement making a …Full story available on Benzinga.com Read MoreAI Generated, Asia, Briefs, China, electric vehicles, Equities, EV, LI, mobility, News, NIO, XPEV, Markets, Movers, Tech, General, LI, NIO, XPEV, News, Equities, Asia, Markets, Movers, Tech, General, Benzinga Markets
