Shares of a host of Chinese electric-vehicle makers rose in Hong Kong, helped by better-than-expected sales in a typically slow month.
Shares of Chinese electric-vehicle markers were lower after Tesla’s latest results and its outlook for 2024 reaffirmed investor worries about slowing demand in China.
China's Great Wall Motor said it had formally submitted responses to the European Commission's anti-subsidy investigation of Chinese-made electric vehicles (EVs), while calling for a fair and open trade environment. Tension between China and the EU is growing, partly because of Beijing's closer ties with Moscow after Russia's invasion of Ukraine, while the bloc seeks to cut reliance on the world's second-largest economy in its push for a green transition. "We need a fair and open trade environment," the automaker's president, Mu Feng, said on his Weibo social media account on Monday.