The Biden administration is preparing to raise the levy on Chinese electric vehicles by roughly quadruple as it gets set to hike tariffs on clean-energy goods from China in the coming days, people familiar with the matter told The Wall Street Journal’s Andrew Duehren and Andrew Restuccia. Some U.S.-listed Chinese EV makers include Nio (NIO), XPeng (XPEV), Li Auto (LI) and Zeekr (ZK). Other makers of EVs include Tesla (TSLA), Ford (F), General Motors (GM), Toyota (TM), Honda (HMC) and Volkswager (VWAGY). Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

Source: Wall Street Journal May 11, 2024 15:37 UTC