BUZZ-Chinese EV makers jump as no immediate price changes likely amid EU tariffs

Reuters10-07

** HK-listed Chinese EV makers rise as European Union's $(EU)$ decision to press ahead with tariffs on China-made electric vehicles $(EV)$ is not expected to trigger immediate price changes

** French unit of SAIC's MG Motor said on Friday, before the vote, that EU decision would not affect prices of its EVs in France this year, regardless of the outcome of the vote

** Chinese EV giant BYD is also expected to keep prices unchanged in Italy until end of this year, a source told Reuters

** EU's plans to impose tariffs on Chinese EVs, which on Friday won the backing of a sufficient number of member states, leave the door open to negotiations, a senior French diplomat said

** Hong Kong shares of Xpeng surges 4%, BYD

rises 3.5%, Leapmotor climbs 3.1%, Li Auto

gains 1.6% and NIO adds 0.6%

** Stock of Geely Auto jumps 5.5%, Xiaomi

soars 5.3%, Great Wall Motor rises 1.9% and Wuling climbs 1.5%

** China markets are closed on Monday for public holiday, will resume trading on Tuesday

** Hang Seng Tech Index up 2.6%, Hang Seng Index

1.2% higher

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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