BUZZ-NIO leads slide in Chinese EV makers after EU hikes tariffs

Reuters10-30 10:31

** Hong Kong-listed shares of NIO Inc fall 4.6% to HK$43.50, leading a slide in Chinese electric-vehicle $(EV)$ makers

** The European Union $(EU)$ has decided to increase tariffs on Chinese-built EVs to as much as 45.3%, tariffs take effect on Wednesday

** Shares of Geely Auto fall 2.2%, Great Wall Motor's Hong Kong stock eases 1.1%, Xpeng slips 0.3%, Xiaomi down 0.2%

** Leapmotor slips 0.5%, Li Auto eases 0.2%, SAIC down 0.2%, while BYD climbs 0.2%

** In China, the blue-chip CSI 300 Index eases 0.2% and the Shanghai Composite Index slips 0.01%

** In Hong Kong, the Hang Seng Tech Index falls 0.9% and the Hang Seng Index declines 0.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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