Chinese auto stocks strain under tariff pressure

Zeekr's Chinese-made electric vehicles are displayed during CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada. REUTERS
Zeekr's Chinese-made electric vehicles are displayed during CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada. REUTERS

Mainland auto stocks came under pressure with United States President Donald Trump saying he is considering additional tariffs on automobiles, chips, and pharmaceuticals.

US-listed Zeekr, a Geely Automobile (0175) subsidiary, saw its stock price decline for two consecutive days while Geely’s shares dropped 7.6 percent this morning.

Great Wall Motor (2333) fell 7 percent, Guangzhou Automobile (2238) dropped 2.4 percent, Xpeng (9868) declined 5.8 percent, Zhejiang Leapmotor Technology (9863) decreased 2.4 percent, Li Auto (2015) dropped 4.5 percent, and NIO (9866) fell 1 percent.

China’s BYD (1211) on Monday began offering advanced autonomous driving features on most of its models. The stock price initially surged 4.5 percent to a new high before eventually narrowing to a 1 percent gain.