China EV stocks rise on bets tariffs are manageable

Top gainer: BYD electric cars lined up at Yantai Port in Shandong province. Its Hong Kong-listed shares have added as much as 8.8%, the most since January 2023. — AFP

BEIJING: Chinese electric-vehicle (EV) stocks gained as analysts say the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd.

BYD’s Hong Kong-listed shares added as much as 8.8%, the most since January 2023, more than making up a drop Wednesday before the decision.